Rolling Hills Estates Partition Lawyer

Partition Actions in Rolling Hills Estates

Rolling Hills Estates is a city located in the South Bay region of Los Angeles County, California. It is a wealthy, residential community located on the Palos Verdes Peninsula, with a population of 8,067 as of the 2010 census. The city is known for its rolling hills, equestrian trails, and expansive views of the Pacific Ocean. It is home to many celebrities, business executives, and other affluent residents. The city is also home to the Peninsula Center, a shopping center with a variety of stores, restaurants, and services. Rolling Hills Estates is a great place to live, work, and play, offering a peaceful, suburban lifestyle with easy access to the amenities of Los Angeles.

According to Zillow, the median home value in Rolling Hills Estates, Los Angeles County, California is $2,092,400 as of 2021. As of the 2020 census, the population of Rolling Hills Estates, California was 8,066.

Experienced Real Estate Partition Action Attorneys Serving Rolling Hills Estates

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 also provide a way for co-owners to force the sale of the property if they cannot agree on how to divide it. The partition statutes also set out the procedures for the sale of the property and how the proceeds of the sale will be divided among the co-owners. The partition statutes also provide for the payment of costs associated with the sale of the property.

Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:

• What happens to any debts or liens on the property during a partition action? Secured debts are paid from the sale of the property. Secured lenders named in a partition action are generally dismissed with an agreement to pay the mortgage at the time of the sale.
• What is a partition action and when is it necessary?
• What is the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
• How will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
• 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.