Partition Actions in Maywood
Maywood is a small city located in Los Angeles County, California. It is located just south of downtown Los Angeles and is part of the Gateway Cities region. The city is known for its diverse population and vibrant culture. Maywood is home to a variety of businesses, including restaurants, shops, and entertainment venues. The city is also home to several parks and recreational areas, including Maywood Park and Maywood Riverfront Park. Maywood is a great place to live, work, and play, and is a great place to visit for those looking for a unique experience.
According to Zillow, the median home value in Maywood, California is $521,400. The population of Maywood, California is 27,395.
Experienced Real Estate Partition Action Attorneys Serving Maywood
Talkov Law’s attorneys serving Los Angeles 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 awarding each co-owner a certain percentage of the property’s value. The court will then order the property to be divided according to the co-owners’ wishes. The partition statutes also provide that if the court finds that a physical division of the property is not possible, it may order the property to be sold and the proceeds divided among the co-owners.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- 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.
- 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.
- What is the average cost of a partition action? The usual cost for a partition action is about $8,000 to $12,000, depending on the complexity. Some cases settle quickly after the defendant receives the partition complaint, while others can drag on longer if there are more complex issues or delay tactics by the defendant.
- When is a partition action right for my dispute? Generally, parties who can reach their own resolution of a co-ownership dispute are not reading websites about partition law. If you are reading this article, chances are that your co-ownership dispute has reached a level where legal options are being considered. Filing a partition action will bring about a certain result to the co-ownership dispute, rather than letting it linger for years on end. However, if the parties are very close to a settlement, it may be wise to consider a resolution.
- What is recoverable in a partition action? “In a suit for partition it is a general rule that all equities and conflicting claims existing between the parties and arising out of their relation to the property to be partitioned may be adjusted.” Demetris v. Demetris (1954) 125 Cal. App. 2d 440. This means that co-owners can assert offsets or recover payments of the mortgage, taxes, insurance, repairs and improvements in excess of their fractional interests.
Speak to Our Maywood Partition Attorneys Today
Call our Los Angeles County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!
Call us at (562) 600-3300 or contact us below to schedule a free, 15-minute consultation
Sykora v. DeMaria – Partition Action Case Study
In the legal case of Sykora v. DeMaria, Not Reported in Cal.Rptr.2d (2002), the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the partition of their parents’ estate. The siblings had inherited the estate after their parents passed away, and the siblings had agreed to divide the estate equally. However, the siblings disagreed on how to divide the estate, and the dispute eventually ended up in court. The court had to decide whether the siblings should divide the estate according to the agreement they had made or if the court should order a partition of the estate. The court ultimately decided that the siblings should divide the estate according to the agreement they had made, and the court ordered a partition of the estate. The court also ordered the siblings to pay the costs of the partition.
Contact our Team of Experienced Partition Lawyers Serving the City of Maywood, County of Los Angeles, California
Our Maywood 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, call (562) 600-3300 or contact us online today.
Talkov Law Los Angeles Office
10880 Wilshire Blvd Ste 1101
Los Angeles, CA 90024
Phone: (310) 496-3300
Our partition attorneys in Maywood also serve Bell, Commerce, Cudahy, Huntington Park, South Gate, and Vernon
