Partition Actions in Chino Hills
Chino Hills is a city located in the southwestern corner of San Bernardino County, California, United States. The city borders Los Angeles and Orange counties. Chino Hills is a part of the Chino Valley. Chino Hills is home to numerous parks, trails, and other recreational facilities. The city is known for its rolling hills, and is a popular destination for hikers, bikers, and horseback riders. Chino Hills is also home to the Vellano Country Club, a private golf course and country club. The city is served by the Chino Valley Unified School District, which includes several elementary, middle, and high schools. Chino Hills is a great place to live, work, and play.
According to Zillow, the median home value in Chino Hills, California is $717,400 as of 2021. As of the 2020 census, the population of Chino Hills, California is 83,942.
Experienced Real Estate Partition Action Attorneys Serving Chino Hills
Talkov Law’s attorneys serving San Bernardino 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 force the sale of the property if they cannot agree on how to divide it. The partition statutes also set out the procedures for the sale of the property and how the proceeds of the sale will be divided among the co-owners. The partition statutes also provide for the payment of costs associated with the sale of the property.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- Can I still file a partition if my co-owner has filed for bankruptcy? Yes, the 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.
- What are the potential outcomes of a partition action? The most likely outcome in a partition action is that the plaintiff receives fair value for their interest in the property either through a sale to a third party or to the defendant. In rare cases, a property can be divided, through this is not applicable to single family residences with no surplus land.
- What happens to any debts or liens on the property during a partition action? Secured debts are paid from the sale of the property. Secured lenders named in a partition action are generally dismissed with an agreement to pay the mortgage at the time of the sale.
- 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 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.
Speak to Our Chino Hills Partition Attorneys Today
Call our San Bernardino County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!
Call us at (909) 577-3300 or contact us below to schedule a free, 15-minute consultation
Hunter v. Schultz – Partition Action Case Study
In the legal case of Hunter v. Schultz, 240 Cal.App.2d 24 (1966), the issue of partition was at the center of the dispute. The case involved a dispute between two co-owners of a parcel of real property. The plaintiff, Hunter, sought to partition the property, while the defendant, Schultz, argued that the property should not be partitioned. The court ultimately held that the property should be partitioned, but that the partition should be done in a manner that would not cause any damage to the property. The court also held that the partition should be done in a way that would not cause any unnecessary hardship to either of the co-owners.
Contact our Team of Experienced Partition Lawyers Serving the City of Chino Hills in the County of San Bernardino, California.
Our partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Call the experienced real estate partition attorneys at Talkov Law at (909) 577-3300 or contact us online for a free consultation about your co-ownership issues.
Our partition attorneys in Chino Hills also serve Diamond Bar, Pomona, Phillips Ranch, Walnut, and Brea.