Partition Actions in Monterey Park
Monterey Park is a city located in Los Angeles County, California. It is located in the San Gabriel Valley, just east of downtown Los Angeles. The city is known for its diverse population, with a large Asian-American population, and is home to many Chinese, Taiwanese, and Filipino-American businesses. Monterey Park is also home to a large number of parks and recreational areas, including the Monterey Park Golf Course, the Monterey Park Japanese Garden, and the Monterey Park Historical Museum. The city is also home to a number of shopping centers, restaurants, and other attractions.
According to Zillow, the median home value in Monterey Park, Los Angeles County, California is $619,400 as of 2021. As of the 2020 United States Census, the population of Monterey Park, California was 60,269.
Experienced Real Estate Partition Action Attorneys Serving Monterey Park
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 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 a partition referee? A partition referee is a neutral third party, often times a lawyer or real estate broker, who completes the sale for the co-owners under court authority. The referee is then paid for their services either on an hourly, flat fee, or commission basis, and is relieved by the court of their duties in the case.
- What are my partition rights for inherited property? Co-owners of inherited property generally have the absolute right to force the sale of the property through a partition action.
- 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.
- Can we negotiate a settlement instead of going through a partition action? We find that the best solution is to file the partition action, then negotiate a settlement. Defendants often reach a more reasonable settlement when they are being advised by a partition attorney who will explain that the plaintiff is very likely to obtain the sale of the property.
- 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.
Mayer v. Mayer – Partition Action Case Study
In the legal case of Mayer v. Mayer, 118 Cal. 510 (1897), the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the partition of their father’s estate. The siblings had inherited the estate from their father, who had died without leaving a will. The siblings disagreed on how the estate should be divided, and the court was asked to decide the matter. The court ultimately ruled that the estate should be divided equally between the siblings, but the court also noted that the partition of the estate should be done in such a way that each sibling would receive an equal share of the estate’s value. The court also noted that the partition should be done in a manner that would not cause any unnecessary hardship to either sibling.
Contact our Team of Experienced Partition Lawyers Serving the City of Monterey Park in the County of Los Angeles, 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 (626) 777-3300 or contact us online for a free consultation about your co-ownership issues.
10880 Wilshire Blvd Ste 1101
Los Angeles, CA 90024
Phone: (310) 496-3300