Partition Actions in Lake Forest
Lake Forest is a city located in Orange County, California. It is situated in the foothills of the Santa Ana Mountains and is bordered by Irvine, Mission Viejo, Laguna Hills, and Laguna Woods. The city is known for its beautiful parks, trails, and open spaces, as well as its excellent schools and vibrant downtown area. Lake Forest is home to a variety of businesses, including technology, medical, and financial companies. The city is also home to Saddleback College, a two-year community college. Lake Forest is a great place to live, work, and play, offering a variety of activities and amenities for residents and visitors alike.
According to Zillow, the median home value in Lake Forest, California is $717,400 as of 2021. As of the 2020 United States Census, the population of Lake Forest, California was 79,921.
Experienced Real Estate Partition Action Attorneys Serving Lake Forest
Talkov Law’s attorneys serving Orange 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:
- What is California’s Partition of Real Property Act? Effective January 1, 2023, California’s new partition law allows defendants to buy out the interests of the plaintiff at an appraised value.
- Can a partition action be stopped or dismissed in California? The truth is that there are very few affirmative defenses in a partition action, and those defenses are rarely applied by courts in California.
- How does a partition action work in California?
- Do I need to go to court to win a partition action? While the partition action must be filed with the court, partition actions rarely involve a trial in which the co-owners appear at court. This means it is extremely unlikely that you will need to step foot in a courtroom. Most partition work is done by motion practice involving tentative rulings with little interaction between the court and the attorneys, let alone the co-owners.
- How to force the sale of jointly owned property? A partition action is the only statutory method to ensure the end of the co-ownership dispute.
Home Security Building & Loan Ass’n v. Western Land & Title Co. – Partition Action Case Study
In the legal case of Home Security Building & Loan Ass’n v. Western Land & Title Co., 145 Cal. 217 (1904), the issue of partition was at the center of the dispute. The case involved a dispute between two companies over the ownership of a piece of real estate. The Home Security Building & Loan Association (HSBLA) claimed that it owned the property, while the Western Land & Title Company (WLTC) argued that it had a valid deed to the property. The court had to decide whether the deed was valid and, if so, whether the property should be partitioned between the two companies. The court ultimately held that the deed was valid and that the property should be partitioned between the two companies. The court also held that the partition should be made in accordance with the terms of the deed, which provided that the property should be divided into two equal parts. The court also held that the partition should be made in such a way that each company would have an equal share of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Lake Forest in the County of Orange, 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 (949) 888-8800 or contact us online for a free consultation about your co-ownership issues.
4000 MacArthur Blvd Ste 655
Newport Beach, CA 92660
Phone: (949) 888-8800