Sylmar Partition Lawyer

Jointly Owned Property Issues in Los Angeles

Our team of partition attorneys in Los Angeles 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.
• How does a partition action work in California?
• How much does a partition action cost? The cost of a partition action can vary widely depending on the complexity of the case. A typical partition action usually costs between $5,000 and $12,000, with about $8,000 being the most common cost. However, difficulty locating a defendant, the motion to appoint a partition referee, delay tactics by defendants, and other issues may raise the cost of your partition action. An experienced partition lawyer can mitigate costs and resolve your co-ownership dispute with maximum efficiency.
• 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.
• How long does a partition action take in California?” Most partition actions are complete in 3 to 6 months because most cases settle in either a buyout or agreed sale. However, some cases can drag on for 6 to 12 months.

Our Sylmar Partition Attorneys Know Los Angeles County

Sylmar is a neighborhood in the San Fernando Valley region of Los Angeles, California. It is located in the foothills of the San Gabriel Mountains and is bordered by the cities of San Fernando, Mission Hills, and Pacoima. The area is known for its large Hispanic population and its many parks and recreational areas. It is also home to the Sylmar Recreation Center, which offers a variety of activities for all ages. The area is also home to the Sylmar Branch Library, which offers a variety of books, magazines, and other materials. The Sylmar neighborhood is served by the Los Angeles Unified School District, which includes several elementary, middle, and high schools.

Sylmar is a neighborhood in the San Fernando Valley region of Los Angeles, California. The area was originally part of the Rancho San Francisco land grant, and was named after the sycamore trees that grew in the area. In the early 1900s, the area was primarily used for agricultural purposes, and was home to many dairy farms. In the 1950s, the area began to experience rapid growth as the aerospace industry moved into the area. The area was also home to the first commercial oil well in the San Fernando Valley. In the 1970s, the area experienced a population boom as many people moved to the area to take advantage of the affordable housing. Today, Sylmar is a diverse neighborhood with a mix of residential and commercial development.

In the legal case of Zhang v. Li, 2019 WL 441936, B279399 (5-Feb-2019), the partition issues revolved around the ownership of a property located in Los Angeles County, California. The property was owned by both Zhang and Li, who had entered into a written agreement in which they agreed to equally share the ownership of the property. However, Li had failed to make payments on the mortgage and taxes for the property, and Zhang had been paying the mortgage and taxes in full. Zhang then filed a partition action, seeking to divide the property into two separate parcels and to have Li pay her back for the mortgage and taxes she had paid. The court found that the written agreement between Zhang and Li was valid and enforceable, and that Zhang was entitled to a partition of the property. The court also ordered Li to pay Zhang back for the mortgage and taxes she had paid.

Contact an Experienced Partition Attorney in Sylmar, 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 Los Angeles 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 (818) 900-7700 or fill out a contact form online.

Contact us Today for a Free Consultation with a Partition Attorney in Sylmar, California

Our partition attorneys in Sylmar also serve Pacoima, San Fernando, Mission Hills, Granada Hills, and Lake View Terrace