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Tinton Falls, NJ Partition Action Lawyers

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If you find yourself in a property dispute related to real estate because of a divorce, the passing of a loved one, or the end of a business partnership, The Law Offices of Patel & Cardenas is here to guide you through this challenging situation. While it is possible to resolve real estate distribution issues amicably, there are instances where a partition action to divide the property becomes necessary. 

Whether you need assistance bringing a partition action or need to defend against one, our team of Tinton Falls partition action lawyers will ensure that your property rights are safeguarded throughout the entire process. Contact our law firm today for a complimentary consultation.

Tinton Falls Partition Action Lawyers

Different Types Of Partition Actions

The distribution or division of property among co-owners can be effected through legal proceedings known as partition actions. There are different types of partition actions; each one is used for different reasons and situations.

Partition In Kind

One form of partition action is known as partition in kind. This method entails physically dividing the property into separate portions, which are subsequently allocated to each co-owner. Partition in kind is commonly employed when the property can be easily divided (such as large plots of land) and when the co-owners can reach an agreement on the manner of division.

Partition By Sale

A different method of dividing property is referred to as a partition by sale. This particular approach involves selling the property and then distributing the proceeds among the co-owners. The decision to choose a partition by sale often arises when it becomes too challenging to divide the property, such as in the case of a single-family home, or when disagreements arise among the co-owners regarding its division. In such situations, it becomes necessary for the court to step in and require the sale of the property, ensuring that each co-owner receives their fair share based on their respective ownership interests.

Partition By Appraisal

Another type of partition action is known as a partition by appraisal. This method involves determining the value of the property and allowing one co-owner to buy out the other co-owners based on their ownership interests. Partition by appraisal is typically used when one co-owner wishes to keep the property and is willing to pay the fair market value to the other co-owners.

Common Challenges In Partition Actions

Partition actions can pose complicated problems. Among the main challenges that may emerge are:

1. Property Valuation – Assessing the fair market value of the property can be subjective and may lead to disagreements among the co-owners. It may be necessary to enlist the help of appraisals and expert opinions to establish an impartial valuation.

2. Division of Assets – Co-owners often have different preferences and priorities when it comes to dividing the property, resulting in disputes and negotiations. Achieving a fair and equitable distribution that satisfies all parties involved can prove to be a significant challenge.

3. Legal Matters – There may be legal hurdles to overcome, such as title issues or unresolved liens on the property. Skillful legal analysis is required to resolve these matters, which may necessitate court intervention.

4. Emotional Attachments – Co-owners may possess sentimental ties to the property, making it difficult to reach a consensus on its division. For example, if a parent passes away and leaves their house to their three children, one child might not be ready to let go and resist selling the property.

Successfully overcoming these challenges requires careful consideration, effective communication, and a willingness to find mutually agreeable solutions. Our Trinton Falls partition action lawyers can negotiate, advise, and advocate to help you reach a fair resolution.

How The Offices Of Patel And Cardenas Can Help

Our Tinton Falls partition action lawyers have extensive knowledge and experience in real estate law and its related fields (foreclosure, probate, litigation, etc.). With licenses in New Jersey and New York, we help property owners resolve real estate disputes that may cross over state lines. If you are uncertain of your legal rights and wish to seek counsel, please contact The Law Offices of Patel & Cardenas. We offer a comprehensive consultation at no charge to discuss your case. We can also discuss your legal options and the potential outcomes of each. Give our offices a call today to schedule an appointment.

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Tinton Falls, NJ Practice Areas

Very pleased with the level of care and attention in dealing with this law firm. They were always quick to respond and patient with a very impatient first time home buyer! Robert Ranalli was my attorney and I would recommend for any legal needs.

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I had the pleasure of working with Veer Patel and staff for several months and could not have been more pleased with the attention, care, and professionalism of everyone at the firm. Really good experience and would definitely recommend!

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