distressed: Cash in the Trash - 06/08/08 08:13 AM
Yesterday the debris removal started at an apartment complex I am dealing with.  We have already found a little of everything.  The usual suspects have all been uncovered including old clothes, smelly sofas, broken shelving units and porn.
In addition to stuff we do not want, we also find things we … (21 comments)

distressed: September 18 Distressed Deal Counts - 09/18/07 09:27 PM
Ohio is currently listed as #5 in the foreclosure rankings with 1 in every 376 households in some stage of foreclosure.  If you follow RealtyTrac, that is a 138% increase over August of 2006. WOW !!!!
Our research shows us that there are currently 4,079 properties available in Franklin County, Ohio that … (7 comments)

distressed: It's a Bloodbath and Time to Swim with Sharks - 07/17/07 10:27 AM
What is going on in the Columbus Ohio investment market right now is a terrible thing.  Terrible, that is, if you are overextended.  Terrible if you are trying to sell investment property at retail prices.  Terrible if you don't have a source of funds.
What I am trying to say is that … (10 comments)

distressed: I Told You So, but ....... - 02/24/07 11:42 AM
 
It's might not make me any money, but this email made me feel pretty good this morning.  It came from a prominent executive in town and references his cousin hiring my biggest competitor.
R. B. (name hidden) saw me and told me what a disaster R. M. was on his properties and told me that … (3 comments)

distressed: Columbus Distressed Property Feb. 2007 - 02/17/07 03:52 PM
Many of our clients are extremely motivated to sell their property on an expedited timeline due to some type of distressed situation. 
This does not necessarily mean distressed property, but time is a factor.   This translates into opportunity for you and your clients. 
We have single family, multi-family, land and commercial.  … (0 comments)

distressed: Prospecting Bankers & Lawyers - 09/24/06 09:13 AM
 
My primary prospect is a banker or an attorney specializing in bankruptcy, real estate and/or probate.  Divorce gets a little sticky.  Why these people? 
BANKERS - One bank loans to thousands of people.  Some of them will have problems and the bank will take the property back.  Here the bank would … (4 comments)

distressed: Buying Investment Properties - 09/23/06 08:28 AM
Oh boy !  Where do I start on this one.  I am working on a project that I will probably invest in and this post is not just getting my thoughts out to you, it is also a cobweb clearing for me.  I hope we all get something out of it.
Over … (2 comments)

distressed: Receiver Sales - 09/20/06 06:21 AM
What many Realtors and investors do not know is that there is a way to buy property pre-foreclosure and receive free & clear title from a court appointee.  It is not a bankruptcy, but kind of similar.
Many commercial loan documents include provisions for "assignments of rents" and/or the "appointment of receiver".  What … (0 comments)

distressed: Real Estate Auctions - 09/18/06 08:46 PM
Real Estate Auctions - The Right Seller and The Right Property    Auction- auc·tion (n) a sale of property to the highest bidder. Websters For centuries Auctions have been the ultimate mechanism for establishing values and facilitating quick and fair exchanges of goods and property all over the world.  Recorded history describes … (2 comments)

 
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Rich Kruse

Columbus, OH

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Gryphon USA, Ltd.

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

Office Phone: (614) 885-0020 x 17

Cell Phone: (614) 885-0020

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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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