Life is stranger than fiction.
Short story....
One of our staff arrived at the office with a fairly large, covered, bowl of what we all believe to be crystal meth found in one of our properties. Apparently he collected it from places all over the house. It was in little piles to start and now collected in a bowl.
We called the Sheriffs Office who referred us to Columbus Police and they sent over two officers to pick it up. I estimate the total volume to be about 2 cups. A little research (I am an appraiser too after all) indicates that this substance, if pure meth, could be worth approximately $800 per ounce.
Our staff is joking that it is worth more than the house we found it in!!
I don't know if it was meth or if it wasn't. Nobody had a handy dandy meth tester laying around and we don't have any addicts near the office to ask. The consensus of the 3 reo folks in my office and the two police officers was "looks like meth to us".
Instead of making it to the Blogger Party set for today at HER and finally meeting Maureen, Elaine and Toby, all of the dedicated folks at Gryphon USA decided to keep our streets safe by waiting for the police and foregoing the party in Worthington.
Maybe next year ya'll will realize where the real action is and stop by our office !!!!!!!
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
Rich,
Thanks for my daily fix of your exciting life. Your life REALLY IS stranger than fiction.
Fran
All right so we did the responsible thing by turning it in, but I still wish we could have found a bowl of illicit drugs on a different day! It's Friday for pete's sake. I wanted to leave early, go to the BlogTourUSA party and go home. Instead I was stuck at the office waiting for the police. Next time, let's plan the drug busts a little better.
Okay...
Now you guys had me LOL (laughing out loud) at this...
I mean please. I stopped writing about my crappy tenants because the two of you can top me everytime :)
I rather doubt that party would have been as much fun as the two of you had joking around about Meth all day :)
TLW...ROAR!
When I was at NAR, when I was state president, a few Meth stories were the big topic. There was an agent who went to show a house and was featuring the carpet by bending down and rubbing her hand through the plush carpet when she left the house the toxix fumes nearly killed her on th edrive back to her office.
In our state we now have to disclose to buyers if the home has had meth in it.
Be very careful around that stuff. Very toxic.
TLW - I was thinking of you and your panties and pot blog when Rich wrote this. Seems like you have had very similar tenant experiences to what we have.
Ines - I had no idea what it was at first. It sort of resembled raw sugar, which is probably what I would have thought it was if I had been the one to find it.
OMG Rich - I almost peed my pants.....thanks!
but did you have any flats on your bicycle?
unreal - if they left that much behind what did they take with them... remind me to always have some toxic screen done on property you might be involved with :o0
Wow!
That is indeed an interesting story!
Joe, we were looking forward to meeting everyone as well but hey, life happens. Maybe we can do some sort of AR ohio event in the near future.
Robert - it did make for an interesting day.
Rich,
I so look forward to being an REO agent some day. Every time I read your blog I know that something really extraordinary happened, is it really that eventful?