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The main house and former primary residence of David Crisp was auctioned off today at 11:20 AM on the steps of City Hall, this Monday, December 3rd. The 6,666-square-foot, four-bedroom, 4.5-bath home at 10509 Newquay Court sits behind gates on nearly three-quarters of an acre of manicured lawn. There were no bids, so it was sold back to the beneficiary for 1.8 million dollars.

This means that it now becomes an REO, or bank-owned property, and will be sold through some of the agents who handle REOs. I will keep everyone posted. In other Crisp and Cole news, some of David Crisp’s partner's houses, Carl Cole's, are also being foreclosed, and David Crisp’s former office in the Town & Country plaza at Stockdale & Coffee is now occupied by Lennar homes.

The auction of the Newquay Ct home was attended by many investors, curious onlookers, Real Estate Agents, a dog, and the media. TV crews from the local affiliates of CBS, NBC, and ABC were there, though the CBS camera man had to be relieved midway because his wife was going into labor. Congratulations to him and his wife, their bundle of joy, and I hope that all goes well for this family. There were reporters from KUZZ, Kern Talk 1410, and also Vanessa Gregory from The Bakersfield Californian.

The auctioneer, wearing a blue sweatshirt from Fresno State, said that beside the Crisp house, 3 houses sold today—and that was 3 more than had sold in the previous week. On one the bidding started at 129 thousand, and it sold for 129 thousand and 1 cent, and another started at just under 100 thousand but was bid up by about seven bidders to 126 thousand.  It was exciting to see, but it wasn’t like the cattle auctions, where they almost sound like it is some kind of song or rhythmic chant. The auctioneer would read the properties off a Blackberry, check them off with a stylus, and spoke very fast. He repeated certain incantations evidently required by law to be said every time.

Last weekend I sat an open house for another property that will be auctioned off this Saturday, December 8^th, at the Fairplex in Pomona. There will be about 100 properties auctioned off, and if you are interested in buying a house at an auction, check out their website at www.quickreo.com