Ladewig v. Estate of Arnold

CRAWLEY, Judge.

Peter Ladewig appeals from an order of the Shelby County Probate Court disapproving his contract to purchase land from the estate of Irene Elizabeth Arnold. This case was transferred from the supreme court pursuant to Ala.Code 1975, § 12-2-7(6).

On July 26, 1996, the co-administrators of the estate entered into a real estate sales contract with Ladewig (the “Ladewig contract”). The stated purchase price was $578,000. Ladewig paid $20,000 in earnest money and was required to pay the remaining $558,000 in cash upon closing. An addendum to that contract stated:

“The parties to this…