Private Selling Officer (PSO)

The Ohio Private Selling Officer statute went into effect in late 2016 and quickly became a popular way to conduct foreclosure auctions in lieu of the county sheriff. Our principal, Richard Kruse, was one of the first Private Selling Officers ever appointed in Ohio and even consulted on the drafting of the Private Selling Officer legislation. He is also the most active Ohio based Private Selling Officer in the state.

Click Here for Ohio Private Selling Officer Foreclosure Auctions 

Documents:

Click for Draft Motion to Appoint Ohio Private Selling Officer

Click for Draft Entry Appointing Ohio Private Selling Officer

Click for Draft Ohio Private Selling Officer Deed

What is an Ohio Private Selling Officer?

An Ohio Private Selling Officer, also known as a PSO, is a sale officer appointed by the Court who is ordered to sell foreclosed real estate in a judicial sale in lieu of the county sheriff. Auctions can be conducted live or online however Gryphon uses the Online Foreclosure Auction method.

Private Selling Officers are professionals real estate auctioneers who hold both an Ohio real estate license and an Ohio auctioneers license. PSO’s are authorized by Court Order to list the properties with our real estate brokerage, post to MLS, Loopnet and other syndicating websites such as Zillow, Trulia, Realtor.com, LoopNet.com, and many others. And, unlike the county sheriff’s auction, we can entice other real estate professionals to participate by paying a commission to Realtors who participate in our auctions.

We currently conduct approximately 1,000 commercial and residential PSO sales annually through our streamlined platform and format. In addition, we can provide draft Private Selling Officer related Motions and Entries, as well as refer you to Ohio title agencies familiar with PSO Auctions.

For additional information on Private Selling Officer benefits, timelines and costs contact Richard Kruse at 614-774-4118 or rfk@gryphonusa.com.

Full authority of the PSO can be found in Ohio Revised Code 2329.152 Authorization of Private Selling Officer.