Asset Management & Recovery: Warning - Do Not Touch

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

Warning - Do Not Touch

 I have a 5 year old daughter, so I am always watching cartoons in the morning.  Many of them are the old Roadrunner ones from when I was young.  In many of these shows, Wiley Coyote ends up standing in front of a big red button and when he pushes it, something bad happens.

This is exactly what happened at my auction this week.

About 50% of the way through the auction of printing equipment, one of the attendees goes into a room that had no items in it.  The light switch is on the outside of the room.  So he goes in, closes the door behind him and, while standing in the dark, pushes the Emergency Button.  This releases a fire suppressant called HALON and sets off the fire alarm.  Building is evacuated and the fire department shows up.  Eventually the alarm is shut off and, unfortunately, the rest of the auction is cancelled.  We will re-offer the rest of the equipment online-only in the next week or so.

The moral of the story is this:

When walking around in someone else's property, don't go in rooms you have no reason to be in.  Don't play with things you don't understand.  Last, but certainly not least, don't push the big red "do not touch, nuclear launch" looking button and tell me that you thought it was a light switch.

Silly Coyote !!!

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

23 commentsRich Kruse • May 24 2007 05:25AM

Comments

Rich, sorry for laughing but that is really funny.
Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate (Keller Williams-Ann Arbor) over 3 years ago

Some people!!  They never cease to amaze us.  Sorry to hear that your auction was cancelled.

Posted by Tim Wade (RE/MAX Realty Champions) over 3 years ago
Sounds like Murphy's Law - "If something can go wrong, it will, and at the worst possible time!" -
Posted by Brian Schulman - Your Lancaster County, PA Real Estate Professional (Coldwell Banker Select Professionals, Lancaster PA) over 3 years ago

This was a grown up?  Unbelievable. 

I had something similar happen several weeks ago at a restaurant (pulled fire alarm), but I think the  kid was about four years old.  Not that that is a good excuse, but it beats being 40 years old and doing it.

Posted by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Downing-Frye Realty, Bonita Springs, FL) over 3 years ago

Rich......  I agree, sorry for laughing.  Common sense seems to lack more than we think at times. Small pet peeve of mine.

And by the way, loved Wiley Coyote and the Acme packages with instructions. Just a classic. I feel sorry for kids nowadays.  Just my .02.

 
                                                                                                              jeff belonger

 

Posted by Jeff Belonger- The FHA Expert FHA Loans - FHA mortgages - USDA loans - VA Loans ( - FHA Home Loans - Infinity Home Mortgage Company, Inc) over 3 years ago

You ended it with Silly Coyote??  Now we all know that's not what you wanted to call him.  What was it??

Posted by Pinecrest | Coral Gables| Maggie Dokic, SFR (Prudential Florida Realty) over 3 years ago

Too funny. But not for you. Good luck on selling the rest.

Posted by Christina Williams. REALTOR® TN property search & local insights (First Realty Company) over 3 years ago
Dumb ^(&(*^&%#&^(*&*^ came to mind first.  He was about 50.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago
That's more like it!  LOL
Posted by Pinecrest | Coral Gables| Maggie Dokic, SFR (Prudential Florida Realty) over 3 years ago
Rich, So did this guy piss you off a little? Just what you need in the middle of an auction. BTW I LOVE the Roadrunner.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 3 years ago

Delicate aka Rich...

Okay then. I will stop pushing buttons. But geez...This really takes the FUN out of life :)

TLW...ROAR!

Posted by "The Lovely Wife" (Broker Bryant's Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) over 3 years ago
Ok... this one had me truly laughing out loud - thanks for the tip :o)
Posted by Central Oregon Real Estate | Broker Thesa Chambers, Licensed in Oregon (Prudential NW Properties Sunriver) over 3 years ago

Your life is fraught with interesting situations.  I love it.

Fran

Posted by Fran Gatti - Realtor®, CDPE®, RDCPro®, Crescent City CA Real Estate (RE/MAX Coastal Redwoods) over 3 years ago
Rich, big red buttons are very hard NOT to push. Go easy.
Posted by John Evarts (Classic Property Management of Santa Clarita) over 3 years ago

How did you ever get such an exciting life? I'm so jealous! OK, not really, but I really love hearing about it... from a distance.  But I agree with John Evarts. It's really hard not to push large buttons!

Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 3 years ago

You lead an interesting life, my friend.

 Bill

Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 3 years ago
Yeah.  I get all the nuts.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago
Just like the biggest badest squril, on the block.
Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 3 years ago

I guess so.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago

News Flash:

AR Columbus, OH

Local fast talking Auctioneer/REALTOR® admits being squirrelly! While reporting on a strange incident involving gassing an auction bidder with the fire retardant gas, Halon questionable behavior game to light.

During the report the person of interest, Richard Kruse blurted out "I get all the nuts." When a keen eyed observer noted that this was squirrel like behavior, Kruse admitted "I guess so."

When asked the fire Chef responded that these systems seldom go off, except during a fire or do to rodent activity, yes it could have been a squirrel.

A spokesman for the DA's office said charges of trespass and vandalism were being dropped due to reasonable doubt created by Kruse's admission. The former suspect is now being consided a victim, further investigation to follow.

The victim has asked the local Board of REALTORS® to investigate. Speaking for the Board it's Executive President announced the matter had been refereed to the Professional Standards Committee, but that when ask to investigate "squirrelly behavior" all the members requited themselves. Further action is unlikely, because it is questionable that the committee can meet the quorum requirement of 3 members.

SPCA is sending a team of investigators.

Local Supper Hero, Land Lord Girl said "My Daddy is not squirrelly, he's nuts"

Reached by telephone Kruse's mother in law said "I just though he was short... Melissa always did like little pets... His face is fuzzy... It could explain a lot."

A sixty second internet search found additional strange behavior:

Drugs & Dead Things - My Normal Listing

Landlord Man Rides Again

Am I Nuts? Online What?

Landlord Man Ponders Problems, Sort Of...

I promised....... My Crap Day

Landlord Boy Shows Property

Landlord Man Spotted at A Kids Party

Real Life Adventures of Landlord Man

A Little Vino Would Be Keeno

I'm Not Sharing....Nanny, nanny, poo, poo

Property Management is like Warren Zevon Lyrics

Investing & Hockey - One and the Same

How About A Quick $50, Honey? No? You're Kidding?

#1 - I Am Not Real, I Am Part of Your Imagination

Hayya Hayyo Hayya HeHe

Using Bonehead Offers for Profit

Is the Death of the Party Bus a Good Thing?

Happy Happy Joy Joy Tenants Tenants, OH BOY

Strange Books I Am Writing

The Soon To Be Crack House King

Ask for comment Kruse said "Going Once, Going Twice..."

Film at 11

30

Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 3 years ago

Bill - It's confirmed.  You're nuts too.  That was really funny.

R

Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago

Rich,

You are who you associate with, I was a REALTOR® for more than a decade before returning to lending.

Bill

Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 3 years ago
LOL  Sounds like something my kids would do.
Posted by Robin Willis, Tucson's Expert Agent, Realty Executives (Realty Executives Southern Arizona) over 3 years ago

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