An Alabama woman is being kicked out of her former home as investors seek to buy her family the 40-acre parcel, which could be worth more than $20 million.
Corine Woodson, 84, has been living in the same house outside Auburn for more than 60 years and is forced to leave the residence because the house is on land shared with her entire family.
“I would like to ask you why. You know why, but I don’t. I can not solve. Thinking about it, wondering about it. Is not easy. I can tell you that,” Woodson told WTVM.
The land is part of a 40-hectare parcel designated as land jointly owned by dozens of family members, where no one has a specific share, just a percentage of the property.
Woodson came to live on the land through her late husband, whose father purchased the land in the early 1900s and has since passed it down through several generations of the family.
Some of the “tenants in common” are looking to sell their percentage of the land, as once one owner sells, everyone sells, leading investors to swoop in and snap up prized land in the developing Moore’s neighborhood. Mill.
Cleveland Brothers Inc. bought out various family members’ interests in the land over the years and has brought its ownership interest to its current level of 49%.
Corine Woodson, 84, has been living in the same house outside Auburn for more than 60 years and is forced to leave the residence. WTVM Woodson came to live on the land through her late husband, whose father purchased it in the early 1900s and has since been passed down through multiple generations of the family. WTVM The land is part of a 40-acre parcel designated as land that is jointly owned by dozens of family members. WTVM
The company may soon be able to purchase the entire disputed property as it is undergoing a court-ordered appraisal.
Willie Woodson, Woodson’s husband of more than 50 years, died last year, complicating the ownership situation.
“It’s already been determined that the land cannot be divided equally,” said Woodson’s daughter Melissa. “This way he has the opportunity to buy everything, and since they say that my father did not say that he wanted to buy everything, they are not giving my mother the opportunity to do so.”
As the appraisal is ongoing, the current value of the land is unknown, but two-acre lots nearby are selling for $500,000 each and Woodson’s 40 acres could be closer to $20 million, according to the outlet.
Willie Woodson, Woodson’s husband of more than 50 years, died last year, complicating the property situation. WTVM Melissa Woodson says the company is purchasing the property because the land cannot be divided equally. WTVM
Woodson never stepped forward to claim the land because she believed she was the rightful owner of the entire parcel and later filed a motion for the opportunity to purchase the land, but the court denied it, saying it was too late.
Cleveland Brothers Inc. said the octogenarian would be allowed to stay in the home for a year once the purchase is complete.
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Source: vtt.edu.vn