An Alabama woman has been kicked out of her old home because investors are looking to buy the 40-acre plot, which could be worth more than $20 million, from her family.
Corine Woodson, 84, has lived in the same home on the outskirts of Auburn for more than 60 years and was forced to leave because the home sits on land jointly owned by her entire family.
“I want to ask them why. You know why, but I don’t. I can’t figure it out. Thinking, wondering. It’s not easy. I can tell you that,” Woodson told WTVM.
The land is part of a 40-acre plot designated as land jointly owned by dozens of family members, where no one has a specific share, only a percentage of ownership.
Woodson came to live on the land through her late husband, whose father bought the land in the early 1900s and has since passed it down through several generations of the family.
Some of the “tenants-in-common” want to sell their percentage of land because when one owner sells, everyone sells, leading investors to swoop in and grab valuable land in the developing Moore’s Mill neighborhood.
Cleveland Brothers Inc. bought out several family members for their interest in the land over the years and has gotten its share of ownership to its current level of 49%.
Corine Woodson, 84, has lived in the same house on the outskirts of Auburn for more than 60 years and was forced to leave the residence.WTVM Woodson came to live on the land through her late husband, whose father bought it in the early 1900s and has since passed it down through several generations of the family.WTVM The land is part of a 40-acre plot designated as land jointly owned by dozens of family members.WTVM
The company may soon be able to buy the entire contested 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 was determined that the land could not be divided equally,” said Woodson’s daughter, Melissa. “That way he had the opportunity to buy all of them, and since they said that my father didn’t say that he wanted to buy all of them, they didn’t allow my mother to have the opportunity to do that.”
As appraisals are ongoing, the current value of the land is unknown, but nearby two-acre lots 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 ownership situation. WTVM’s Melissa Woodson said the company bought ownership because the land could not be divided equally. WTVM
Woodson never stepped forward to claim the land because he believed he was the rightful owner of the entire plot and later filed a motion for a chance to buy the land, but the court denied it, saying it was too late.
Cleveland Brothers Inc. said, the octogenarian will be allowed to stay at home for a year after the purchase is completed.
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Source: thtrangdai.edu.vn/en/
