Entrepreneur magazine is suing David Crisp, Carl Cole, and their now defunct real estate company for more than 104-thousand dollars. An attorney for the magazine says the former real estate partners purchased advertising and never paid up.
Crisp, Cole, and their former company Crisp, Cole and Associates are listed as defendants in the suit.
Entrepreneur magazine is a monthly publication targeting small business owners. Here's their Website:http://www.entrepreneur.com/.
Meantime, david crisp is also being sued by KBAK, channel 29.
KBAK also alleges in a case filed earlier this year that Crisp and his corporation didn't pay almost $15,800 for on-air advertising. The station ran a series of 30-minute informercials. And Crisp signed a personal guarantee with the station.
In a separate suit, Cole is being sued by the Bakersfield Californian for another $33,089 for non-payment of print advertising. Both of those cases go to court in November.
Short Sales
Meantime, some of the properties owned by Crisp's family and associates have been sold. David Crisp bought a house at 1805 Grimshaw Street for just over 1 million dollars in March of 2006. It sold September 4 at foreclosure for $710,250. That's a loss of about $350,000 dollars for the bank.
Then, there's the home at 12716 Crown Crest Drive, also in Seven Oaks. David's mom Tu Crisp bought the house for $959,000 with 100-percent financing. That home also sold September 4 for just over a $525,000, a $434,000 loss.
Two more homes owned by the family David Crisp are set to go up for sale tomorrow: 12422 Woodson Bridge Drive, owned by Tu Crisp, and 8702 Oak Hills Avenue, owned by Jennifer Crisp.
Click here to view the lawsuit files:
Promissory Note
Complaint File
