Owens v. PRUDENTIAL COOPER & CO., INC.

Richard Owens and Sara Owens entered into a residential lease with Prudential Cooper Company, Inc. When the Owenses defaulted on the lease in July 2003, Prudential filed an unlawful-detainer action in the Mobile District Court. After the district court entered a judgment awarding possession of the premises to Prudential, the Owenses appealed to the Mobile Circuit Court. While the case was pending in the circuit court, the parties executed a settlement agreement whereby the Owenses agreed to cure their default, to continue to make rental payments, and to exercise an option to purchase the…