auction: The Newest Thing In Selling Real Estate - Sort Of - 11/13/09 11:32 AM
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auction: Realtor Compensation at Auction - 09/07/09 01:26 PM
This morning I was going through the mail and saw the new In Contract magazine that comes to the brokerage.  The first thing I usually do is look at the upcoming educational courses for things I want to attend or to suggest to my agents.
Next month an agent and attorney … (3 comments)

auction: Sheriff Sale - Process Problem - 03/19/09 05:53 AM
Good morning.  Yesterday I attended the Delaware County Sheriff Sale with hopes that we would be able to get the Delaware Hotel sold without the lender taking it into REO.  Unfortunately the property did not sell for the minimum bid price.
This property was aggressively marketed through press relations, web promotion … (1 comments)

auction: Delaware Hotel lender opts for auction in bid to avoid taking title - 03/07/09 06:53 AM
March 6, 2009
Business First of Columbus - by Brian R. Ball
The lender to a foreclosed hotel in Delaware hopes a bit of extra marketing will help it avoid the typical two-step auction process to getting a troubled asset off its balance sheet.
Ciena Capital Funding LLC has hired … (2 comments)

auction: Press Releases to Promote Assets - 03/03/09 07:58 AM
One of my marketing vendors tells me that if I eat a candy bar I should send a press release on the taste.  He is joking, but every business joke has a little bit of truth in it.
Every time our office undertakes a substantial event, we utilize press relations to promote the … (2 comments)

auction: What Agents Are Thinking (Filtered) - 03/03/09 06:47 AM
Selling defaulted asset has changed a considerable amount since I started in the business in 1997.  No matter what the asset class, sellers have always wanted to negotiate the fees and expenses being charged by their vendors.  It is human nature to negotiate and I think, to a certain extent, these … (1 comments)

auction: Delaware Hotel to be auctioned at sheriff's sale - 03/02/09 04:24 PM
Monday, March 2, 2009 11:51 AM By Dana Wilson
The Columbus Dispatch DELAWARE, Ohio -- The Delaware Hotel, which closed last fall, will be auctioned at a sheriff's sale scheduled for March 18 at 10 a.m.
The four-story hotel at 351 S. Sandusky St. was condemned in September after city inspectors found safety- … (3 comments)

auction: Foreclosure Auction - Delaware Hotel - 02/25/09 04:30 PM
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auction: Auction Group - We're Hiring !! - 09/25/08 08:15 AM
Auctions have been a preferred way to sell assets since the time of the Roman Empire. Throughout history, every conceivable item has been offered and sold at auction such as art, machinery, household goods and real estate.  Auctions are also the way to quickly dispose of assets in a down market. … (6 comments)

auction: Seller Indecision - Here's What Happens - 05/28/08 09:21 AM
This is a tale of 1 seller and 2 brokerages.  It is unfortunate.
The seller in this story is a bank with a good amount of inventory.  The perfect client for some, or so you would think.  We will call them Little Ol Bank (LOB).
LOB is marching right along selling … (23 comments)

auction: Multi-Seller Auction - 05/24/08 08:00 AM
Many people are seeing ads for the Mega-Auction that national auction companies are doing for the large lenders.  This all sounds new and confusing, but it really isn't.  I've been doing these types of sales since 1996.  Other companies have been doing them even longer.
One of the biggest differences between … (6 comments)

auction: $35 / mo. Rental - 05/15/08 06:14 AM
The other day I saw something from afar that I have never seen before.  It was a rental house that goes for only $35 a month.  We tried to get a little closer to get a better picture, but the "driveway" had too many large potholes for the small SUV I … (11 comments)

auction: Media Relations & Web Address On Signs Bring Business - 04/11/08 07:02 AM
Good morning folks.  Just a quick update on the "free media" campaign we initiated for the last project. 
Gryphon Realty, through our auction group, offered 49 low income and investor grade condos last week.  We initiated a press campaign that has generated 4 newspaper articles in the past 2 weeks. 
One … (4 comments)

auction: Sold ‘Em At The Auction - 04/08/08 05:32 PM
What do 49 individual condos I had listed all have in common?  They are all in contract at a price acceptable to the bank and it only took about an hour to do it.
That is the sound bite.  It actually took a lot of hard work over the past three weeks … (7 comments)

auction: When Good Neighborhoods Go Bad - 03/25/08 09:39 PM
Hi folks.  As many of you know, most of my business is related to the default and forecloure side.  Today was a good day and a bad one at the same time.  Recently I was lucky enough to be hired to auction off 49 units of property in a condo development.  … (5 comments)

auction: Court Ordered Auction - Woodcliff Condos - 03/20/08 06:06 PM
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auction: Court Ordered Sale - 40 Unit Apartment Building - 11/29/07 05:46 PM
Good evening everyone.  I just wanted to post a flyer for our most recent auction offering.  This one will not have a live component, only sealed bid bidding.  If you or your associates have clients or know of anyone looking to buy multifamily properties with significant upside potential, please take a … (1 comments)

auction: Auction Tips - 09/20/07 07:04 AM
More and more auctioneers are joining AR and significantly more lenders and individuals are looking at the auction method of marketing as a way to dispose of property.  Our volume of offerings in Columbus Ohio is up significantly over last year and the calls come in just about every day.
There are … (3 comments)

auction: Another Gryphon Auction - 09/15/07 09:34 AM
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auction: Upcoming Auction - Colubus Ohio - 09/15/07 09:27 AM
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Rich Kruse

Columbus, OH

More about me…

Gryphon USA, Ltd.

Address: 9387 S. Old State Rd., Columbus, OH , 43035

Office Phone: (614) 885-0020 x 17

Cell Phone: (614) 885-0020

Email Me

A lighthearted and informative look at the real estate and asset sale professions. The Gryphon Organization provides real estate, auction and asset management services through a variety of subsidiaries including Gryphon Asset Management and United Country Ohio Realty & Auction Group.


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