Jointly Owned Property Issues in Los Angeles
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- How long will it take to get the property partitioned and sold? Most commonly, 3 to 6 months is all that it takes for the defendant to agree to a sale or buyout the plaintiff’s interest in the property for a fair value. Some cases may take 6 to 12 months.
- How will the property be divided if a partition action is successful? In most partition actions, the property will be sold, rather than being divided. If the property is eligible for partition in-kind, the court can appoint a referee to prepare a report on dividing the property in a manner that does not damage the value of the fractional interests.
- Can I still file a partition if my co-owner has filed for bankruptcy? Yes, the partition action can generally be filed in the bankruptcy court or the bankruptcy court can apply state partition law to allow offsets when the co-owned property is sold by the bankruptcy trustee.
- Can a partition action be stopped? Generally, a partition action cannot be stopped, but a defendant may be able to buy time to seek a resolution. Eventually, however, the plaintiff can generally force the sale of the property based on the absolute right to partition.
- What is California’s Partition of Real Property Act? Effective January 1, 2023, California’s new partition law allows defendants to buy out the interests of the plaintiff at an appraised value.
Our Canoga Park Partition Attorneys Know Los Angeles County
Canoga Park is a neighborhood in the San Fernando Valley region of Los Angeles, California. It is bordered by Woodland Hills to the east, West Hills to the west, Winnetka to the north, and Reseda to the south. Canoga Park is a diverse, working-class neighborhood with a population of over 60,000 people. The area is known for its many shopping centers, restaurants, and entertainment venues. It is also home to the historic Canoga Park Bowl, a bowling alley that has been in operation since the 1940s. Canoga Park is a great place to live for those looking for an affordable and convenient place to call home.
Canoga Park is a neighborhood in the San Fernando Valley region of Los Angeles, California. It was founded in 1912 by the Canoga Park Land and Water Company, which was formed by the Los Angeles Suburban Homes Company. The area was initially used for agricultural purposes, but by the 1920s, it had become a popular residential area. The area was annexed by the City of Los Angeles in 1917 and was officially recognized as a neighborhood in 1931. In the 1950s, the area experienced a population boom, and many new homes were built. The area has since become a popular destination for shopping, dining, and entertainment.
Thornber v. Colby – Partition Action Case Study
In the legal case of Thornber v. Colby, 2022 WL 1164207, C089687 (20-Apr-2022), the partition issues revolve around the ownership of a piece of real estate. The plaintiff, Thornber, is the owner of a one-half interest in the property, while the defendant, Colby, is the owner of the other one-half interest. The dispute arises from the fact that Colby has been occupying the entire property, and has refused to allow Thornber access to his one-half interest. Thornber is seeking a court order to partition the property, which would require Colby to either give up his one-half interest or to allow Thornber access to his one-half interest. The court must decide whether to grant the partition order, and if so, how to divide the property between the two parties.
Contact an Experienced Partition Attorney in Canoga Park, California
If you want to end your co-ownership relationship, but your co-owner refuses, a partition action is your only option. Our experienced partition lawyers serving Los Angeles have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Los Angeles County property. For a free, 15-minute consultation with a knowledgeable partition attorney at Partition Lawyer California, call (818) 900-7700 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Canoga Park, California
Our partition attorneys in Canoga Park also serve Winnetka, Woodland Hills, West Hills, Chatsworth, and Reseda
