Code of Civil Procedure 873.630 CCP – Credit Sales (Partition Actions)

California Code of Civil Procedure 873.630 is the California partition statute that authorizes the court to direct a sale through credit. The statute allows the court to prescribe the terms of the credit and the security instrument used. The statute provides that:

The court may:

(a) Direct a sale on credit for the property or any part thereof.

(b) Prescribe such terms of credit as may be appropriate.

(c) Approve or prescribe the terms of security to be taken upon the sale, including the manner in which title to the security is to be taken, whether in a single instrument or several instruments, according to the interests of the parties.

California Code of Civil Procedure 873.630

However, if the court does not “prescribe the terms of credit, the referee may accept offers which propose varying terms.”[1]California Code of Civil Procedure 873.630, Law Revision Commission Comments Furthermore, if the owners of the property sold are “minors or unknown owners, the court may direct a trustee or other fiduciary to hold the security for them and act on their behalf.” [2]California Code of Civil Procedure 873.630, Law Revision Commission Comments. See California Code of Civil Procedure 873.810

Talkov Law's Partition Attorneys Can Help

If you want to end your co-ownership relationship, but your co-owner won’t agree, a partition action is your only option. With seven, full time partition lawyers, Talkov Law is the #1 partition law firm in California and has handled over 300 partition actions throughout California. Every case has resulted in a sale to either a third party or one of the co-owners. Not a single court has denied our clients the right to partition or declared our client to be a non-owner. Plus, for qualified cases, there is no fee until we settle or win your case!

If you're looking to end your co-ownership dispute, contact California's premier partition action law firm by calling Talkov Law at (844) 4-TALKOV (825568) or sending us a message today.

References

References
1 California Code of Civil Procedure 873.630, Law Revision Commission Comments
2 California Code of Civil Procedure 873.630, Law Revision Commission Comments. See California Code of Civil Procedure 873.810
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