Experienced Partition Action Lawyers in Lomita
A California partition action is a law that allows co-owners of real property to divide the property among themselves. The partition statutes provide a legal mechanism for co-owners to divide the property without having to go through the court system. The partition statutes allow co-owners to divide the property either by agreement or by court order. If the co-owners cannot agree on how to divide the property, then the court will divide the property in a way that is fair and equitable to all parties. The partition statutes also provide that any partition of the property must be done in accordance with the laws of the state of California. The legal effect of the partition statutes is that it provides a legal mechanism for co-owners to divide their property without having to go through the court system. The valuable real estate in Lomita often creates disagreements between co-owners that can only be solved by a Los Angeles partition attorney skilled in the judicial procedures in Los Angeles County.
- Will the plaintiff win a California partition action? The plaintiff almost always prevails in a partition. This is because the right to partition is absolute under California law. Most partition actions result in the Defendant agreeing to sell the property or buyout the plaintiff’s interest in the property, which is generally the plaintiff’s goal.
- 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.
- What are the costs associated with a partition action? The costs of a partition action generally involve the attorney’s fees, and court costs, but can involve referee fees and broker’s fees if the property is sold.
- 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.
Partition Actions in Lomita
Partition actions are common in the City of Lomita.
The community of Lomita was first settled in the late 1800s by a group of ranchers who were looking for a place to raise cattle. The area was originally known as the “Lomita Rancho,” and the name was derived from the Spanish word for “little hill.” In the early 1900s, the area began to attract more settlers, and the population grew steadily. By the 1920s, the community had become a popular destination for vacationers, and the area was eventually incorporated as the City of Lomita in 1964. Today, Lomita is a vibrant community with a population of over 20,000 people. It is home to a variety of businesses, parks, and recreational activities, and is a popular destination for visitors from all over the world.
Lomita includes the zip code of 90717.
Partition Actions Under California Law
George v. Williams
In the legal case of George v. Williams, 2022 WL 152195, 2D CIV. B309218 (18-Jan-2022) , the partition issues revolve around the division of a piece of real estate owned by the parties. The plaintiff, George, is seeking to partition the property, which is owned jointly by both parties, into two separate parcels. The defendant, Williams, is arguing that the property should not be partitioned, as it would be detrimental to the value of the property. The court must decide whether to grant the plaintiff’s request for partition or to deny it, taking into consideration the potential impact on the value of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Lomita, California
Contact Experienced Partition Attorney Scott Talkov
(310) 496-3300
Experienced California Partition Attorney Serving Lomita
When faced with a disagreement with your co-owner regarding the sale of your property in Lomita, our partition attorneys in Los Angeles County are here to safeguard your rights and expedite the resolution process through court intervention. With extensive expertise in resolving co-ownership disputes in Lomita, California, we can assist you in unlocking the value of your property. To schedule a complimentary 15-minute consultation with one of our dedicated partition attorneys at Partition Los Angeles, simply reach out to us via phone at (310) 496-3300 or complete an online contact form.
Our Lomita partition attorneys also serve the nearby areas of Torrance, Harbor City, Rolling Hills Estates, Rancho Palos Verdes, and San Pedro.
