According to Zillow, the median home value in San Francisco, California is $1,323,400 as of 2021. High property values and a competitave real estate market can easily lead to conflicts between co-owners. This is where a partition action comes in handy
A partition action provide a legal mechanism for co-owners of real property to divide the property among themselves. Partition statutes allow a co-owner to file a lawsuit in court to have the property divided, either physically or by sale. The court will then order the division of the property in a way that is fair and equitable to all parties. The partition statutes also provide that any proceeds from the sale of the property must be divided among the co-owners in proportion to their respective interests in the property.
The bassin law is your Bay area Partion action lawyer . Serving San Francisco and the entire bay area with exceptional expertise in the area of partition actions across California.
The cost of a california partition action can vary widely depending on the complexity of the case. The complexity of an action depends upon the ownship arrangment beteween the co-owners. Parition actions can become expensive because co-owners subject to partition action are often stubborn, this is why you need experienced negoators and mediators to attempt acheive a quick settlement between parties. However, if an agreeable settlement cannot be reached our attorneys will fight to enforce your property rights. Difficulty locating a defendant, a motion to appoint a san Francisco 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.
Yes, a california partition action can generally be filed in the bankruptcy court or the bankruptcy court can apply state partition law to allow offsets when the co-owned property is sold by the bankruptcy trustee.
The Bassin Law Firm assists clients with their estate plans across California, including Contra Costa County, Alameda County, San Francisco County, Napa County, Marin County, Sonoma County, Santa Clara County, and San Mateo County.
Call 415-753-5245 or request a Confidential Consultation below: