This format gives the public what they want and, at the same time, the “private auctioneer sale” makes the foreclosure auction process more efficient and user friendly.
Columbus, Ohio (PRWEB) June 24, 2013
There is a new twist to the Friday morning Foreclosure Auction going on in Central Ohio. Gryphon Auction Group has taken real estate auctions online only with a Thursday, June 27, 2013 offering of 1672 Westbrook Ave., Columbus, Ohio; a ranch style single family home with 3bedrooms, 1 bath and a basement. Minimum bid is only $15,785.00
“We’ve conducted these types of sales in a live format around Ohio, however the public has become extremely comfortable buying online. This format gives the public what they want and, at the same time, the “private auctioneer sale” makes the foreclosure auction process more efficient and user friendly” said Richard Kruse, president of Gryphon USA, Ltd. and Gryphon Auction Group.
Under Ohio Revised Code Section 2329.151, the public auction of real property levied upon by execution is to be conducted personally by an officer of the court or by a licensed auctioneer. Ohio Revised Code Section 2335.021 provides that a court may appoint an auctioneer to conduct an auction of real property required in lieu of the county Sheriff.
Bidding for 1672 Westbrook Ave. is open now through Thursday, June 27, 2013. Bidders can register through http://www.gryphonauction.com or http://www.proxibid.com/gryphon. Gryphon USA can be contacted at 614-885-0020 or by email at info(at)gryphonusa(dot)com. Additional online foreclosure auctions are currently pending court approval in central Ohio.
Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. Gryphon maintains a receivership and asset management group commercial auction practice art, antique and pottery auction group and real property management group. Traditional real estate transactions are managed through Borror Properties Real Estate.
Melissa M. Kruse oversees the day to day operations of the parent company, Gryphon USA, Ltd. while Gryphon Asset Management and Gryphon Auction Group operations are managed by Richard F. Kruse.