Submitted By: Allen Rosetti Over the past 25 years Richard Kruse has liquidated assets worth in excess of $2 billion dollars. His amazing career is a testament to the variety of opportunities available in the distressed property industry. His specialty has been court directed asset sales that include foreclosures, bankruptcies, and probate. He has managed the liquidation [...]
In order to prevent a tide of foreclosures that could overwhelm servicers, the Consumer Financial Protection Bureau (CFPB) earlier this week proposed a number of actions, including rules that would push potential filings out to January 2022. READ MORE
COLUMBUS, Ohio – Distressed asset auctioneer Richard Kruse of Gryphon USA said plans by the Consumer Finance Protection Bureau to delay foreclosures another nine months and create more regulations only builds pressure on consumers and the nation’s housing market. The CFPB this week announced proposed rules meant to encourage lenders and loan servicers to continue [...]
COLUMBUS, Ohio – February 17, 2021 - Gryphon USA president Richard Kruse said the Biden administration’s move this week to extend the 12-month moratorium on home mortgage foreclosures through June 30 undermines the vitality of the nation’s housing market as health and economic conditions that prompted the federal policy begin to subside. “The unprecedented federal [...]
COLUMBUS, Ohio. February 1, 2021 – Ohio based Gryphon USA has set its sights on a larger, nationwide footprint for the sale of bank owned real estate. The newly minted Gryphon Auction Group has attracted two veteran asset managers to assist with procuring assignments from banks, servicers, hedge funds and note-holders seeking to quickly and [...]
President-elect Joe Biden last week provided a $1.9 trillion plan for rescuing the U.S. economy. Housing industry insiders and other American's have responded to key housing-related areas of the package including individual stimulus checks in the amount of $1,400 (in addition to approved $600), rental assistance, and the extension of a foreclosure and eviction moratorium. [...]
COLUMBUS, Ohio, Dec. 4, 2020 /PRNewswire/ -- The Federal Housing Finance Agency's decision to have Fannie Mae and Freddie Mac extend a freeze on foreclosures of single-family homes and residential evictions was not unexpected but leads to additional problems said Richard Kruse, the president of Gryphon USA, Ltd. and leading auctioneer of foreclosure property. SEE [...]
