Partition Actions in Chico
Chico is a city located in Northern California, in Butte County. It is the most populous city in the county. Chico is known for its vibrant downtown area, which is home to a variety of shops, restaurants, and entertainment venues. The city is also home to California State University, Chico, which is the second-oldest campus in the California State University system. Chico is surrounded by natural beauty, with Bidwell Park, the Sacramento River, and the Sierra Nevada Mountains all nearby. The city is also known for its vibrant arts and music scene, with a variety of festivals and events taking place throughout the year.
According to Zillow, the median home value in Chico, California is $346,400 as of 2021. As of 2020, the population of the California area of Chico is estimated to be 93,919.
Experienced Real Estate Partition Action Attorneys Serving Chico
Talkov Law’s attorneys serving Butte County are exceptionally experienced in the area of California partition actions. 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 also provide a way for co-owners to resolve disputes over the division of the property. The partition statutes provide that the partition must be done in a fair and equitable manner, and that the court must approve the partition before it can be enforced. The partition statutes also provide that the court may order the sale of the property if the co-owners cannot agree on a partition. 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.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- 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.
- In a partition action, can I be reimbursed for paying more than my fair share of the down payment? Yes, partition actions allow for offsets whereby one co-owner claims excess payments for mortgage, taxes, insurance, improvements, repairs and other property expenses
- 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.
- 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.
Speak to Our Chico Partition Attorneys Today
Call our Butte County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!
Call us at (530) 999-5588 or contact us below to schedule a free, 15-minute consultation
Gordon v. Vucinich – Partition Action Case Study
In the legal case of Gordon v. Vucinich, 61 Cal.App.2d 78 (1943), the issue of partition was at the center of the dispute. The case involved a dispute between two co-owners of a piece of real property. The plaintiff, Gordon, sought to partition the property, while the defendant, Vucinich, argued that the property should not be partitioned. The court ultimately held that the property should be partitioned, and that the partition should be made in accordance with the wishes of the parties. The court also held that the partition should be made in such a way that each party would receive an equal share of the property. The court also held that the partition should be made in such a way that each party would receive an equal share of the profits from the sale of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Chico, County of Butte, California
Our Chico partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Talkov law unlocks access to justice for co-owners by funding your case. For qualified cases, you pay no fees until we successfully partition your property by obtaining a sale on the market or to your co-owner! For a free consultation with California’s first and largest team of partition attorneys at Talkov Law at (530) 999-5588 or contact us online today.
Our partition attorneys in Chico also serve Oroville, Paradise, Magalia, Durham, Gridley, Willows, Corning, Red Bluff, Nord, Forest Ranch, and Cohasset