Foster City Partition Lawyer

Partition Actions in Foster City

Foster City is a city located in San Mateo County, California, United States, in the San Francisco Bay Area. It is located on the eastern shore of the San Francisco Bay, about 20 miles south of San Francisco. The city was named after T. Jack Foster, a real estate magnate who originally owned the land that the city now occupies. Foster City is known for its high quality of life, excellent schools, and its proximity to the San Francisco Bay. The city is home to a variety of businesses, including technology, finance, and retail. It is also home to a number of parks and recreational areas, including the Leo J. Ryan Memorial Park, which offers a variety of activities for residents and visitors alike.

According to Zillow, the median home value in Foster City, California is $1,541,400 as of 2021. As of the 2020 United States Census, the population of Foster City, California was 32,845.

Experienced Real Estate Partition Action Attorneys Serving Foster City

Talkov Law’s attorneys serving San Mateo County are exceptionally experienced in the area of California partition actions. California partition actions provide a legal mechanism for co-owners of real property to divide the property among themselves. The 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.

Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:

• How do I file a partition action? Partition actions must be filed in the county where some or all of the co-owned real property is located by way of a partition complaint. While filing the complaint is relatively easy, reaching the end of the partition as quickly and efficiently as possible requires the skill of an experienced partition attorney.
• 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.
• 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 types of properties can be subject to a partition action in California? All co-owned real or personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
• 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.