Partition Of Real Property Lawyer Irvine, CA

Our Irvine, CA Partition Of Real Property Lawyer Helps Protect Your Investment

California’s laws governing the division of jointly-owned property (partition) have recently undergone revisions to provide options for more equitable solutions for all parties involved in the transaction. If you are going through a divorce and must divide marital real estate property, or you’re otherwise in a situation in which you jointly own real estate with someone else (family member, business partner, etc.), it’s important to have legal guidance to ensure that your rights are protected and you receive your fair due. Our Irvine, CA partition of real property lawyer can help oversee the process, from appraisal to contract negotiations and closing.

At Katje Law Group, we monitor the California legislature closely, noting developments that could benefit our clients. Our in-depth knowledge of California real estate laws and tenacious advocacy for our client’s interests are why so many people turn to us when they need help dividing their real estate investments. Contact us today for a strategy session with one of our attorneys.

Changes In California Division Of Property Laws That Could Affect Your Case

Previously, California partition law permitted one co-owner of jointly owned real estate to force a sale, which often negatively impacted the other owners. However, new amendments to the law introduced a right of first refusal to the other owner or owners. Now, before one owner can force a sale, they must offer the property to the co-owner at a fair market price. The changes were made to reduce situations in which one property owner could effectively profit at the other’s expense.

The law also clarified the role of a referee in partition actions and the procedures for selling jointly owned property and distributing the proceeds to the owners.

A right of first refusal can help you keep your house in a divorce or retain ownership of investment property. Our attorneys can help you review your options with a right of first refusal and evaluate the offer to see if it aligns with your interests and fiscal goals. We can also help manage the transfer of property interest from the other owner solely to you and establish a fair market value for that share.

We Help Support Your Interests In Real Estate Property Division

California partition actions are often managed by a referee, a neutral third party who oversees the appraisal and sale of the property and the division of the proceeds between owners. They can help ensure the sale is transparent and all parties’ rights are protected.

A referee can also ensure that the property is properly marked for sale to maximize the returns for the owners and review submitted appraisals for accuracy. For owners unfamiliar with real estate transactions, the referee’s services can be reassuring. However, the referee is a neutral party, and they don’t directly represent your interests. Our real estate attorneys do. When you work with Katje Law Group, we put your interests first and can prevent you from being taken advantage of.

Whether you want to keep the jointly owned property or ensure that you’re getting a fair return if you decide to permit the sale, our Irvine partition of property lawyer can help you. Contact our firm today for a personalized legal consultation.