Crisp mansion still in limbo
By The Bakersfield Californian
The sale of David Crisp’s Seven Oaks mansion at public auction was delayed again on Friday.
This is the second auction postponement for the home, which faces foreclosure due to $1.8 million due on a defaulted loan.
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David Crisp's former mansion at 10509 New Quay Court in Seven Oaks.
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The sale was moved back until Dec. 3 at the discretion of the trustee, according to the auctioneer running the public auction at City Hall.
Simi Valley-based ReconTrust Co., a subsidiary of Countrywide Financial Corp., is the trustee for Crisp’s home at 10509 New Quay Court, according to The Daily Report, a local publication that publishes legal notices.
The lavish 6,666-square-foot home was searched by FBI and IRS agents in September, along with 12 other properties related to the former Crisp & Cole Real Estate firm.
As of Thursday, 97 properties associated with the defunct real estate agency were in default, county records show. Crisp, his family members, his former partner, Carl Cole, and various employees and associates borrowed a total of nearly $60 million against the properties.
Of those, 55 have been foreclosed on.
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