theJasmineBRAND.com exclusively reports, Shareef Abdur-Rahim is accusing a Georgia man of screwing him over in a $1.6 million dollar deal to purchase a Sandy Springs mansion, by refusing to make agreed upon repairs prior to the sale closing. The ex-NBA star has headed to court demanding $107k+ in damages for the terminated agreement.
Last month, Shareef and his wife Delicia Abdur-Rahim filed suit against Cross Gate Partners and Robert Webb in Fulton County Court.
Back in April 2016, the couple entered into a purchase agreement to purchase a Sandy Springs, Georgia home.
The deal was signed by Robert Webb and Cross Gate Partners. Per their agreement, the home was to be repaired and improved as part of the purchase.
The sale was set to close on June 6th with Shareef paying a $25k deposit and to provide a $50k non-refundable earnest money deposit and all the repairs and replacements would be done prior to closing.
The improvements that were to be made included replacement and installation of certain flooring and carpeting, improvement of the outdoor living area, improvement of the basement bar area, improvement to the exercise room & office space along with installation of a pool, spa and hardscape surrounding the pool and spa.
The seller was to fix any other repairs identified by the inspections of the home prior to the closing.
Shareef says the repairs and improvements were not finished by the closing date and thus he terminated the deal. He then demanded the return of the $75k he put down due to the sellers breach of the deal.
The ex-NBA star says due to this, he has been damaged to the tune of $107,192.27. The couple is suing for breach of contract demanding the return of their money, the $107k in damages along with attorney fees.
The 8,731 sq. ft. 5 bedroom, 5 bathroom mansion is estimated to be worth $1.6 million dollars and is currently listed for sale.