The purpose of this post is to discuss how a partial taking of your property may affect your property taxes. Often, in an eminent domain action, there are at least two types of damages or payment required. First, the government should pay the property owner for the property actually taken. Second, when the government takes…
Continue reading ›As a millennial, we’ve faced financial challenges different from all those before us. We graduated college with more debt into the harsh job market of the Great Recession and then have had to compete during one of the hottest housing markets ever. So, many of us have had to do things differently. We’re having children…
Continue reading ›This article provides insight into how the partition process works so that you can know what to expect and hopefully navigate the process more smoothly. The typical steps for a partition lawsuit are described below. Sometimes, when you inherit real estate together with another family member, or you buy an investment with a partner, the…
Continue reading ›For many of us, real estate is our most valuable asset and the thing that we rely on to provide security for retirement. It is also our passion where we can use our creativity to make our mark on the world. When we receive notice that it may be the subject of an eminent domain…
Continue reading ›The purpose of this post is to discuss how the proceeds of a partition action are divided between the owners of the property. This post will address the general rule for partition actions, address common instances, and provide some insight for anyone going through the process. The first thing to know about partition actions is…
Continue reading ›At some point or another, it becomes necessary to have “the talk” and “define the relationship” within a business. While the thought of defining business roles may make some people nervous, not having a conversation is a source of even greater anxiety when the relationship involves an investment, business venture, or development project. The problem,…
Continue reading ›What is the Eminent Domain Process? The eminent domain process begins with an environmental review, negotiations with property owners, a hearing before a public entity, and then eventually, an eminent domain lawsuit. After some preliminary negotiations, a public entity will generally hold a hearing on something called a “Resolution of Necessity.” This is a formal…
Continue reading ›Surplus Land Act Government Code section 54230.5 contains the “penalty” or “enforcement” provisions in the updated Surplus Land Act enacted under Assembly Bills 1255 and 1486 in 2019. Specifically, Section 54230.5 (a)(1) creates a penalty of “30 percent of the final sale price of the land sold in violation of this article for a first…
Continue reading ›In 2019, California passed a revision to the Surplus Land Act to make more public land available for private development in order to address the State’s ongoing housing crisis. Who is subject to the Surplus Land Act? Currently, as a result of the Legislature’s revision in 2019, the Surplus Land Act extends to any public…
Continue reading ›Who is Marcus Underwood Law Firm, P.C.? This blog is a next-generation law firm designed to solve modern-day legal problems in greater Sacramento and Northern California by combining new technology with an old-fashioned focus on your legal most difficult and complex legal problems. What does this Blog Cover? This blog will provide its readers with…
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