It's only 11:30 and the phone has been ringing off the hook. Good news.
Tomorrow we have the foreclosure auction of 3205 E. Dublin Granville Rd., Columbus. Only a $140,000 minimum bid and we're paying a buyer broker fee. You don't get that at a standard Sheriff Sale.
We should also have a couple of projects coming up through our receivership files. One is industrial mixed use which is kind of interesting. Drive through liquor + restaurant + car wash in front, multiple garage bays and large lot in back. Perfect for anyone who needs work space and wants the frontage rents to cover the mortgage.
A couple of other items simmering.
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
