Gryphon USA Expands Auction Group to Better Service Bank REO Marketplace

Gryphon USA Expands Auction Group to Better Service Bank REO Marketplace
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COLUMBUS, Ohio, Feb. 2, 2021 /PRNewswire/ -- Ohio based Gryphon USA has set its sights on a larger, nationwide footprint for the sale of bank owned real estate. 
The newly minted Gryphon Auction Group has attracted two veteran asset managers to assist with procuring assignments from banks, servicers, hedge funds and note-holders seeking to quickly and systematically sell foreclosed homes and remove them from their balance sheet. 
"We're expanding to a nationwide model through Gryphon Auction Group," said Gryphon USA principal Rich Kruse.  "This expansion was put on hold when the foreclosure moratorium was initiated 10 months ago," he added. "With the expectation that foreclosures will re-start later this year, we are making the move now."  

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