Partition Actions in Sierra Madre
Sierra Madre is a small city located in the foothills of the San Gabriel Mountains in Los Angeles County, California. It is known for its quaint downtown area, which is lined with small shops and restaurants. The city is also home to the historic Sierra Madre Villa Hotel, which was built in 1887. The city is known for its beautiful mountain views, hiking trails, and outdoor activities. It is also home to the annual Wistaria Festival, which celebrates the world’s largest blooming wisteria vine. Sierra Madre is a great place to live, work, and play.
According to Zillow, the median home value in Sierra Madre, Los Angeles County, California is $1,072,400 as of 2021. As of the 2020 United States Census, the population of Sierra Madre, California was 10,917.
Experienced Real Estate Partition Action Attorneys Serving Sierra Madre
Talkov Law’s attorneys serving Los Angeles County are exceptionally experienced in the area of California partition actions. A California partition action is a law that allows co-owners of real property to divide the property among themselves. The partition statutes provide a legal mechanism for co-owners to divide the property without having to go through the court system. The partition statutes allow co-owners to divide the property either by agreement or by court order. If the co-owners cannot agree on how to divide the property, then the court will divide the property in a way that is fair and equitable to all parties. The partition statutes also provide that any partition of the property must be in accordance with the laws of the state of California. The legal effect of the partition statutes is that it provides a legal mechanism for co-owners to divide their property without having to go through the court system.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- 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.
- How much does a partition action cost? The cost of a partition action can vary widely depending on the complexity of the case. A typical partition action usually costs between $5,000 and $12,000, with about $8,000 being the most common cost. However, difficulty locating a defendant, the motion to appoint a partition referee, delay tactics by defendants, and other issues may raise the cost of your partition action. An experienced partition lawyer can mitigate costs and resolve your co-ownership dispute with maximum efficiency.
- What are the costs associated with a partition action? The costs of a partition action generally involve the attorney’s fees, and court costs, but can involve referee fees and broker’s fees if the property is sold.
- 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 long will it take to get the property partitioned and sold? Most commonly, 3 to 6 months is all that it takes for the defendant to agree to a sale or buyout the plaintiff’s interest in the property for a fair value. Some cases may take 6 to 12 months.
Akmakjian v. Haider – Partition Action Case Study
In the legal case of Akmakjian v. Haider, 2008 WL 484335, E041762 (25-Feb-2008) , the main issue was whether a partition of real property was proper. The plaintiff, Akmakjian, owned a parcel of real property with the defendant, Haider. Akmakjian sought to partition the property, while Haider opposed the partition. The court found that the partition was proper, as the parties had agreed to it in a written contract. The court also found that the partition was in the best interests of both parties, as it would allow them to each own a portion of the property. The court also found that the partition was equitable, as it would allow both parties to receive a fair share of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Sierra Madre 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