Co-ownership of property is not a novel concept, and it is becoming more common among younger generations facing an uphill struggle to get onto the property ladder in the first place, according to a 2024 Bankrate survey cited by NPR. This is likely due in large part to house prices regularly setting records and...
Continue reading ›Before the owners receive the proceeds from a partition sale, costs and expenses related to the partition action must be paid. Code of Civil Procedure section 873.820 sets forth the order that these expenses and costs must paid before the owners receive their proportional interest in the remaining proceeds. Specifically, it states that the...
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