State files lien against David Crisp and wife
By GRETCHEN WENNER, Californian staff writere-mail: gwenner@bakersfield.com
State tax officials filed a lien against David and Jennifer Crisp this week for taxes owed from 2005.
The $35,746.55 lien from the California Franchise Tax Board, which was filed at the county recorder’s office Tuesday, is the latest in a string of financial, regulatory and possibly criminal troubles dogging principals, family members, employees and business associates of former Crisp, Cole & Associates companies.
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David Crisp, President/Realtor of Crisp & Cole Real Estate works at the front desk of the office at Platinum Investments on California Avenue.
Jennifer and David Crisp in June 2006.
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David Crisp could not be reached Friday by cell phone. The 28-year-old real estate agent previously ran Crisp & Cole operations with one-time partner Carl Cole, 60.
Separately, Cole recently transferred three southwest properties into the sole and separate ownership of his wife, Rebecca Cole. The homes are located at 5802 Laurel Canyon Drive, 1706 Sainsbury Court and 12504 Crown Crest Drive.
When reached by phone Friday and asked to explain the rationale behind the transfers, Cole initially said, “It’s none of your business.”
“Eventually you guys will figure everything out,” he continued.
“It will be all right then,” he said, then hung up.
The property transfers were all recorded Nov. 29, the same day the Cole family’s first foreclosed properties recorded.
In September, FBI and IRS agents searched 13 Bakersfield sites related to the former companies’ operations, seizing paperwork and other evidence of possible mortgage fraud. No charges have yet been filed.
Also in September, state real estate regulators filed a complaint against Crisp, Cole and three employees alleging they lied to lenders on loan applications for more than a dozen properties. That administrative case is being processed by the California Department of Real Estate.
As of Friday, at least 105 defaulted and foreclosed properties are linked to associates of the former Crisp & Cole companies, according to an ongoing Californian tally.
More than $64.6 million in total loans were taken out against the homes, according to The Californian’s analysis.
So far, 61 have foreclosed.
Of $36.9 million in first and second loans taken out against those 61 properties, public foreclosure auctions have netted $28.1 million, county filings show.
All auctions so far have resulted in lender repossessions.
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