Jointly Owned Property Issues in Ferndale
Our team of partition attorneys in Humboldt can assist co-owners with frequently asked questions about partitions, such as:
- How long will it take for the plaintiff to receive his or her share of the sales proceeds? Usually, the property is marketed for sale or purchased by the defendant in 3 to 6 months. If a referee is appointed, that may take 6 to 9 months. With proper drafting of an interlocutory judgment of partition by sale, the referee can be required to disburse the proceeds promptly at the close of escrow or shortly thereafter.
- Can you lose interest in a jointly owned home by moving out? Generally, co-owners maintain their ownership interests regardless of whether they live at the property. However, in rare cases, leaving the property for many years without paying taxes or other expenses may allow the co-owners in possession to argue that they have adversely possessed the property. Generally, these co-ownership disputes do not get easier with time, so it is important to act promptly.
- 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.
- What to expect in a California partition action? Partition actions necessarily resolve the conflict between co-owners through an expedited statutory process. A capable partition attorney will assist in expediting the process and producing the most favorable outcome.
- When is a partition action right for my dispute? Generally, parties who can reach their own resolution of a co-ownership dispute are not reading websites about partition law. If you are reading this article, chances are that your co-ownership dispute has reached a level where legal options are being considered. Filing a partition action will bring about a certain result to the co-ownership dispute, rather than letting it linger for years on end. However, if the parties are very close to a settlement, it may be wise to consider a resolution.
Our Ferndale Partition Attorneys Know Humboldt County
Ferndale is a small city located in Humboldt County, California. It is situated on the banks of the Eel River and is known for its Victorian-style architecture. The city is home to a variety of shops, restaurants, and galleries, as well as a number of historic sites. Ferndale is also known for its annual Victorian Days celebration, which features a parade, live music, and a variety of activities. The city is a popular destination for tourists, who come to explore its unique culture and history.
Ferndale is a small community located in the San Fernando Valley of Los Angeles, California. It was founded in the late 19th century by a group of German immigrants who named the area after the ferns that grew in abundance in the area. The community was originally a farming community, with many of the original settlers growing citrus fruits, vegetables, and grains. In the early 20th century, Ferndale began to grow as a residential area, with many of the original settlers building homes in the area. The community was also home to a number of small businesses, including a general store, a blacksmith shop, and a post office. In the 1950s, Ferndale began to experience a period of rapid growth, as many people moved to the area to take advantage of the affordable housing and the close proximity to Los Angeles. This growth continued into the 1960s and 1970s, and the area became increasingly diverse, with many different ethnicities and cultures represented in the community. Today, Ferndale is a vibrant and diverse community, with a variety of businesses, restaurants, and other amenities. The area is also home to a number of parks and recreational areas, making it a great place to live and visit.
Pusich v. Pusich – Partition Action Case Study
In the legal case of Pusich v. Pusich, 2018 WL 1478245, A148030 (27-Mar-2018) , the partition issues revolved around the division of a family-owned property. The parties had inherited the property from their father, and the court was tasked with determining how to divide the property between the two siblings. The court had to consider the value of the property, the interests of each sibling, and the potential for future disputes between the siblings. Ultimately, the court decided to divide the property into two separate parcels, with each sibling receiving one parcel. The court also ordered that the siblings would be responsible for their own costs associated with the partition.
Contact an Experienced Partition Attorney in Ferndale, 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 Ferndale have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Humboldt County property. For a free, 15-minute consultation with an experienced partition attorney at Partition Lawyer California, call (707) 777-6600 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Ferndale, California
Our partition attorneys in Ferndale also serve Eureka, Arcata, Fortuna, McKinleyville, Trinidad, Rio Dell, Scotia, Loleta, Hydesville, Carlotta, and Bridgeville
