Lomita Partition Lawyer

Partition Actions in Lomita

Lomita is a small city located in the South Bay region of Los Angeles County, California. It is bordered by the cities of Torrance, Rolling Hills Estates, and Rancho Palos Verdes. The city has a population of approximately 20,000 people and is known for its small-town charm and friendly atmosphere. The city is home to several parks, including Lomita Park, which features a playground, picnic areas, and a walking path. The city also has a variety of restaurants, shops, and other businesses. Lomita is a great place to live for those looking for a quiet, suburban lifestyle.

According to Zillow, the median home value in Lomita, California is $717,400 as of 2021. According to the U.S. Census Bureau, the population of the California area of Lomita was 20,256 as of July 1, 2019.

Experienced Real Estate Partition Action Attorneys Serving Lomita

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 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.
• 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.
• 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 do I file a partition action? Partition actions must be filed in the county where some or all of the co-owned real property is located by way of a partition complaint. While filing the complaint is relatively easy, reaching the end of the partition as quickly and efficiently as possible requires the skill of an experienced partition attorney.
• Can I be forced into selling a jointly owned house? Under California’s Partition of Real Property Act, a co-owner will have a right to buyout the property. However, absent a buy out at the appraised price, a plaintiff will likely be able to force the sale of a jointly owned house.