How to sell a house in the state of Alabama
In the wake of a $5 million real estate deal involving the sale of a two-bedroom property in Calhoun County, Alabama, many local residents are expressing their outrage at the outcome.
The deal, however, may not be entirely a bad one.
The deal was between Alabama real estate firm Cedar Lakes and redfin realtor Cedar Lakes, who was in talks with the family of the woman who died after she was run over by a truck on April 12, 2018.
The woman’s father, James, told the Calhoun Times that the company had sold the property for $6 million and that they had been in discussions with Cededal Lakes for more than a year.
Ceredal Lakes confirmed the deal on its Facebook page on Wednesday.
“Cedar Lake is excited to have completed a sale on this property to the family of Ms. Elizabeth Davenport,” it said.
“We appreciate all of the support we have received from the Calhoun community.”
It went on to say that the family had paid a $7.25 million deposit, which was later paid, and that a $2 million mortgage payment was due on the property by December 2018.
According to a calhoun county news release, the family, including Ms Davenpents mother, was unable to afford the $5.7 million deposit because of her health problems.
The statement also said that the property was sold to an “individual who has never been married and has a large mortgage.”
The statement added that the couple had been in negotiations with Cedar Lakes for nearly three months, with a final agreement between Caedal Lakes and the family expected to be approved by the Calhoun county board of commissioners.
Calidngton’s district attorney, James Williams, told the Calihan Times that the deal was “inappropriate,” given that the deceased woman was a single mother of two children.
Williams added that while Cedar Lakes had a history of offering low-ball offers, they had never been approached for the deal that was sold.
He said he did not know whether there was any evidence that the woman was involved in any criminal activity.
“It’s very disturbing,” Williams said.
A representative from Ccedar Lakes did not respond to the Daily Dot request for comment.
Follow Tara Schwarz on Twitter and Instagram