Vernon Partition Lawyer

Partition Actions in Vernon

Vernon is a small city located in Los Angeles County, California. It is an industrial city, home to over 1,800 businesses, and is the most densely populated city in the state. It is known for its low taxes, which have attracted many businesses to the area. The city is home to a variety of industries, including food processing, manufacturing, and warehousing. It is also home to the Los Angeles County Fairgrounds, which hosts a variety of events throughout the year. Vernon is a great place to live, work, and play, and is a great place to visit for its unique attractions and culture.

According to Zillow, the median home value in Vernon, Los Angeles County, California is $541,400 as of 2021. As of the 2020 census, the population of Vernon, California is 112.

Experienced Real Estate Partition Action Attorneys Serving Vernon

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:

  • 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.
  • Can heirs force the sale of property? Heirs can force the sale of real property in California once that property is distributed to them. However, sometimes, the property is still held in a trust where the trustee will sell the property. When there is no trust, the probate court may decide that the probate administrator will sell the property before it is distributed in fractional interests to the heirs.
  • What are the tax implications of a partition action? It is best to seek the advice of a tax attorney or CPA about tax issues. However, the most common tax issues in partitions, like other sales, can involve capital gains taxes and the potential partial or full reassessment of property taxes.
  • What to expect in a California partition action? Partition actions necessarily resolve the conflict between co-owners through an expedited statutory process. A capable partition attorney will assist in expediting the process and producing the most favorable outcome.
  • 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.

Speak to Our Vernon 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

    Kenco Investments, Inc. v. Marsh – Partition Action Case Study

    In the legal case of Kenco Investments, Inc. v. Marsh, 2020 WL 3444435, F077602 (24-Jun-2020), the issue of partition was at the center of the dispute. The dispute arose when Kenco Investments, Inc. (Kenco) and Marsh, the owners of a jointly owned property, could not agree on how to divide the property. Kenco sought a court order to partition the property, while Marsh argued that the property should remain undivided. The court ultimately found that the property should be partitioned, and ordered that the property be divided into two separate parcels. The court also ordered that Marsh pay Kenco for the value of the portion of the property that was allocated to Kenco.

    Contact our Team of Experienced Partition Lawyers Serving the City of Vernon, County of Los Angeles, California

    Our Vernon 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.

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    Los Angeles, CA 90024
    Phone: (310) 496-3300

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        Los Angeles Office
        10880 Wilshire Blvd Ste 1101
        Los Angeles, CA 90024
        Phone: (310) 496-3300

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