Wildomar Partition Lawyer

Partition Actions in Wildomar

Wildomar is a city located in Riverside County, California. It is situated in the foothills of the Santa Ana Mountains, and is bordered by the cities of Murrieta, Temecula, and Lake Elsinore. Wildomar is a relatively new city, having been incorporated in 2008. It is a growing community known for its beautiful views of the surrounding mountains, its many parks and trails, and its close proximity to the Temecula Valley Wine Country. Wildomar is also home to a variety of businesses, including retail stores, restaurants, and medical facilities.

According to Zillow, the median home value in Wildomar, California is $427,400 as of 2021. As of 2020, the population of Wildomar, California is estimated to be 33,945.

Experienced Real Estate Partition Action Attorneys Serving Wildomar

Talkov Law’s attorneys serving Riverside 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 is that these statutes provide 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 type of relief can be granted by the court in a partition action? A partition action generally involves the sale or division of the property, along with an accounting of offsets.
• Can a partition action be filed for both real property and personal property in California? Yes, all co-owned real and personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
• 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.
• How does a partition action work in California?
• 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.