Understanding Co-Ownership in Los Angeles County
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- How will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
- 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.
- What is the average cost of a partition action? The usual cost for a partition action is about $8,000 to $12,000, depending on the complexity. Some cases settle quickly after the defendant receives the partition complaint, while others can drag on longer if there are more complex issues or delay tactics by the defendant.
- 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.
- 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.
Our La Mirada Partition Attorneys Know Los Angeles County
La Mirada is a city located in Los Angeles County, California. La Mirada is known for its beautiful parks, golf courses, and recreational facilities. The city is home to Biola University, a private Christian university, and the La Mirada Theatre for the Performing Arts. La Mirada is also home to the La Mirada Regional Aquatics Center, which is the largest public swimming pool in the state of California. The city is served by the Norwalk-La Mirada Unified School District, which includes several elementary, middle, and high schools. La Mirada is a great place to live, work, and play, and is a great place to raise a family.
La Mirada, California was founded in 1960 by the La Mirada Land Company, which was owned by the MacPherson Oil Company. The city was named after the Spanish phrase meaning “the view” and was designed to be a master-planned community. The city was incorporated in 1960 and has since grown to a population of over 48,000 people. La Mirada is known for its many parks, golf courses, and recreational facilities, as well as its proximity to Los Angeles and Orange County. The city is also home to Biola University, a private Christian university.
Parker v. Owen – Partition Action Case Study
In the legal case of Parker v. Owen, 96 Cal.App.2d 78 (1950), the issue was whether a partition of real property was valid. The plaintiff, Parker, owned a parcel of land with his brother, Owen. Parker wanted to partition the land, but Owen refused. Parker then filed a partition action against Owen. The trial court found that the partition was valid and ordered the land to be divided. However, Owen appealed the decision, arguing that the partition was invalid because it was not done in accordance with the law. The appellate court agreed with Owen and reversed the trial court’s decision, holding that the partition was invalid because it was not done in accordance with the law. The court held that a partition must be done in accordance with the law in order to be valid, and that the partition in this case was not done in accordance with the law.
Contact an Experienced Partition Attorney in La Mirada, California
If you want to end your co-ownership relationship, but your co-owner disagrees, a partition action is your only option. Our experienced partition lawyers serving La Mirada 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 an experienced partition attorney at Partition Lawyer California, call (562) 600-3300 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in La Mirada, California
Our partition attorneys in La Mirada also serve Whittier, Buena Park, Norwalk, La Habra, Fullerton, and Santa Fe Springs
