September 18 Distressed Deal Counts

Ohio is currently listed as #5 in the foreclosure rankings with 1 in every 376 households in some stage of foreclosure.  If you follow RealtyTrac, that is a 138% increase over August of 2006. WOW !!!!

Our research shows us that there are currently 4,079 properties available in Franklin County, Ohio that are in distressed situations such as being part of a bankruptcy filing or foreclosure action.  Generally speaking, distressed sellers are willing to consider selling at lower prices to qualified and serious buyers.  There are many intricacies involved in buying distressed deals.  It is important to know the ins and outs of what the bank, trustee and court expect in order to get these deals pushed through. 

Gryphon specializes in these types of transactions.

Call us for information on distressed deals in areas you want to live.

Rich Kruse - rfk@gryphonusa.com  614-774-4118