Understanding Co-Ownership in Orange County
Our team of partition attorneys in Orange can assist co-owners with frequently asked questions about partitions, such as:
- In a partition action, can I be reimbursed for paying more than my fair share of the down payment? Yes, partition actions allow for offsets whereby one co-owner claims excess payments for mortgage, taxes, insurance, improvements, repairs and other property expenses
- 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 a partition action be stopped or dismissed in California? The truth is that there are very few affirmative defenses in a partition action, and those defenses are rarely applied by courts in California.
- Can I be forced into selling a jointly owned house? Under California’s Partition of Real Property Act, a co-owner will have a right to buyout the property. However, absent a buy out at the appraised price, a plaintiff will likely be able to force the sale of a jointly owned house.
- 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.
Our Lake Forest Partition Attorneys Know Orange County
Lake Forest is a city located in Orange County, California. It is situated in the foothills of the Santa Ana Mountains and is bordered by Irvine, Mission Viejo, Laguna Hills, and Laguna Woods. The city is known for its beautiful parks, trails, and open spaces, as well as its excellent schools and vibrant downtown area. Lake Forest is home to a variety of businesses, including technology, medical, and financial companies. The city is also home to Saddleback College, a two-year community college. Lake Forest is a great place to live, work, and play, offering a variety of activities and amenities for residents and visitors alike.
Lake Forest, California is a city located in Orange County, California. It was incorporated in 1991 and is one of the newest cities in Orange County. The area was originally inhabited by the Acjachemen Native American tribe, who called the area “Panhe”. In the late 1800s, the area was used for cattle grazing and farming. In the early 1900s, the area was developed as a residential community. The first homes were built in the area in the 1920s. The city was officially incorporated in 1991 and has since grown to become one of the most affluent cities in Orange County. Today, Lake Forest is home to a variety of businesses, including technology companies, medical centers, and retail stores. The city is also home to a number of parks and recreational areas, including the Lake Forest Sports Park, the Lake Forest Golf Course, and the Lake Forest Beach and Tennis Club.
Home Security Building & Loan Ass’n v. Western Land & Title Co. – Partition Action Case Study
In the legal case of Home Security Building & Loan Ass’n v. Western Land & Title Co., 145 Cal. 217 (1904), the issue of partition was at the center of the dispute. The case involved a dispute between two companies over the ownership of a piece of real estate. The Home Security Building & Loan Association (HSBLA) claimed that it owned the property, while the Western Land & Title Company (WLTC) argued that it had a valid deed to the property. The court had to decide whether the deed was valid and, if so, whether the property should be partitioned between the two companies. The court ultimately held that the deed was valid and that the property should be partitioned between the two companies. The court also held that the partition should be made in accordance with the terms of the deed, which provided that the property should be divided into two equal parts. The court also held that the partition should be made in such a way that each company would have an equal share of the property.
Contact an Experienced Partition Attorney in Lake Forest, 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 Lake Forest have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Orange County property. For a free, 15-minute consultation with a knowledgeable partition attorney at Partition Lawyer California, call (949) 888-8800 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Lake Forest, California
Our partition attorneys in Lake Forest also serve Laguna Woods, Mission Viejo, Laguna Hills, Rancho Santa Margarita, Aliso Viejo, Foothill Ranch, and Portola Hills
