Jointly Owned Property Issues in Palmdale
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 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.
- 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.
- What is the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
- Can a partition action be filed for both real property and personal property in California? Yes, all co-owned real and personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
- What are the different types of partition in California? Almost all partition actions are partition by sale, though partition in-kind allows the property to be divided, while a partition by appraisal allows the purchase by one-co-owner at an appraised value.
Our Palmdale Partition Attorneys Know Los Angeles County
Palmdale is a city located in the Antelope Valley of northern Los Angeles County, California. It is situated in the Mojave Desert, approximately 60 miles (97 km) northeast of downtown Los Angeles. The city is known for its aerospace industry, which includes the Palmdale Plant 42, a major aerospace facility operated by Lockheed Martin. Palmdale is also home to the U.S. Air Force Plant 42, which produces the F-22 Raptor fighter jet. The city is also home to the Palmdale Regional Airport, which serves the Antelope Valley. Palmdale is a popular destination for outdoor recreation, with several parks and trails located in the area.
Palmdale, California is a city located in the Antelope Valley of the western Mojave Desert. It is known for its beautiful desert landscape and its proximity to Los Angeles. The types of real estate in Palmdale include single-family homes, townhomes, condominiums, and multi-family dwellings. Single-family homes are the most common type of real estate in Palmdale, with many of them featuring large yards and plenty of outdoor space. Townhomes are also popular in Palmdale, offering a more affordable option for those looking to purchase a home. Condominiums are a great option for those looking for a low-maintenance lifestyle, as they typically require less upkeep than a single-family home. Multi-family dwellings are also available in Palmdale, offering an affordable option for those looking to invest in real estate.
Davis v. Pacific Imp. Co. – Partition Action Case Study
In the legal case of Davis v. Pacific Imp. Co., 118 Cal. 45 (1897), the issue of partition was at the center of the dispute. The plaintiff, Davis, owned a parcel of land that was divided into two parts by a fence. The defendant, Pacific Imp. Co., owned the land on the other side of the fence. Davis argued that the fence should be removed and the land should be partitioned into two equal parts, with each party receiving one half. Pacific Imp. Co. argued that the fence should remain in place and that Davis should receive the land on his side of the fence, while Pacific Imp. Co. should receive the land on their side of the fence. The court ultimately ruled in favor of Davis, ordering that the fence be removed and the land be partitioned into two equal parts.
Contact an Experienced Partition Attorney in Palmdale, 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 Palmdale 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 (661) 999-3300 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Palmdale, California
Our partition attorneys in Palmdale also serve Lancaster, Quartz Hill, Acton, Littlerock, Pearblossom, and Lake Los Angeles
