Legal Question in Real Estate Law in California
real estate - partition of ownership
In California, how long does it take and how much would it cost to go through the process of a forced sale of the property if the two owners cannot come to terms over a partition in ownership? What is a typical hourly rate? How are portions of hourly rates billed? How long does a court ordered sale take?
3 Answers from Attorneys
Re: real estate - partition of ownership
It depends upon a variety of factors, not the least of which is whether there exists an agreement that either restricts the generally unfettered right of sale by a co-tenant, or that governs how such a sale/distribution would be conducted.
Absent such an agreement, statute controls. A lawsuit for partition must be filed; a court must enter a judgment of partition; and then the court appoints a referee or receiver to handle the actual sale. Distribution of proceeds can be complicated depending upon which co-tenant has been paying mortage, interest, insurance, maintenance, upkeep, taxes, etc.
Hourly rates will vary by attorney and area - you can expect to spend at least $300 per hour on a competent attorney familiar with filing, prosecuting and resolving partition lawsuits. There are some attorneys (such as this firm) that handle partition cases on a contingency; but the facts must warrant such an arrangement.
As for length of time, in an uncontested case, it would not be out of the ordinary for the matter to take 6-10 months, depending upon the condition of the property, speed of court, and condition of the market. A contested case can easily take two years or more.
Good luck. Contact us if you need more detailed information.
Re: real estate - partition of ownership
Assuming you're not bound by some prohibition or restriction on your right to sell, the other side would probably cave in and consent to a sale after you've spent less than five thousand bucks.
This assumes the other side is reasonable and recognizes that resistance is a waste of money. You can't really ever predict what the other side will do.
Re: real estate - partition of ownership
I think if you combine the comments by Mr. Guerrini and Mr. Berger, there isn't much else to say.
One technique I've used to save time in a couple of cases is to get the other side to agree to a stipulated judgment of partition, basically accepting the inevitable to save time and cost, selling the property in a private sale through a regular commercial listing process using a broker, then submitting the economic issues such as who gets how much of the net proceeds to a private arbitration process. The court retains jurisdiction to step in and enforce the agreed process if necessary, and enters final judgment on the arbitration award. This can cut a year and ten grand off the cost.
I am a solo practitioner specializing in real estate including difficult partition cases, and my rate is $200 an hour, part of which could be made payable out of the proceeds of the partition if my client has a sound case. I'm located in Marin County, and if the property is in Alameda County, that's easily handled at no extra cost.
Please feel free to contact me directly for a discussion of how your particular case might be handled.