Livermore Co-Ownership Disputes
Our team of partition attorneys in Alameda can assist co-owners with frequently asked questions about partitions, such as:
- What are the tax implications of a partition action? It is best to seek the advice of a tax attorney or CPA about tax issues. However, the most common tax issues in partitions, like other sales, can involve capital gains taxes and the potential partial or full reassessment of property taxes.
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
- 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.
- 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.
- Are there methods to resolve a partition situation without a court-ordered sale? The vast majority of partitions are solved without a court-ordered sale. Many times, the defendant will buy out the plaintiff’s interest. Other times, the parties will agree to a voluntary sale on the open market. However, the filing of the partition action is generally what forces the defendant to see the wisdom of settlement. Under California’s Partition of Real Property Act, a defendant can buy out the interest of the plaintiff at an appraised value, meaning that a court-ordered sale is only likely occur where the defendant simply can’t afford to buy the property but still won’t agree to sell.
Our Livermore Partition Attorneys Know Alameda County
Livermore is a city in Alameda County, California, located in the East Bay region of the San Francisco Bay Area. It is the most populous city in the Tri-Valley region. The city is known for its wineries, its historic downtown, and its proximity to the Livermore Valley Wine Country. It is also home to Lawrence Livermore National Laboratory, one of the largest science and technology research centers in the world. The city is a popular destination for outdoor recreation, with its many parks, trails, and open spaces. It is also home to a vibrant arts and culture scene, with a variety of galleries, museums, and performing arts venues.
Livermore, California was founded in 1869 by William Mendenhall and named after Robert Livermore, a rancher who once owned much of the land in the area. The city was incorporated in 1876 and has since grown to become a major hub for the wine industry in the Bay Area. The city is also home to the Lawrence Livermore National Laboratory, which was established in 1952 and is one of the United States’ premier research facilities. The city is also home to the Livermore Valley Wine Country, which is home to over 50 wineries and tasting rooms. The city is also home to the annual Livermore Rodeo, which has been held since 1883.
Heinze v. Butte & B. Consol. Min. Co. – Partition Action Case Study
In the legal case of Heinze v. Butte & B. Consol. Min. Co., 126 F. 1 (1903), the issue was whether a partition of a mining claim was valid. The plaintiff, Heinze, had purchased a mining claim from the defendant, Butte & B. Consol. Min. Co., and then proceeded to partition the claim into two separate claims. The defendant argued that the partition was invalid because it was not done in accordance with the mining laws of the state. The court ultimately held that the partition was valid, as the mining laws did not explicitly prohibit such a partition.
Contact an Experienced Partition Attorney in Livermore, 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 Livermore have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Alameda County property. For a free, 15-minute consultation with an experienced partition attorney at Partition Lawyer California, call (925) 999-7700 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Livermore, California
Our partition attorneys in Livermore also serve Dublin, Pleasanton, San Ramon, Danville, Tracy, and Manteca
