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Partition Remedy for Family Disputes

The partition remedy in California addresses disputes between co-owners of property. Any person with an interest in real property in California may bring a partition action against a co-owner. The partition remedy is necessary when co-owners cannot decide how to handle jointly-owned property. Properties subject to partition include, but are not limited to, single-family residences, vacation homes, investment properties, commercial buildings, apartment buildings, and parcels of land.

New Short Sale Law in California (SB 458): Secondary Lien-Holders Lose Rights

It is being heavily reported that the new law (SB 458) signed into effect this past week regarding short sale transactions in California will aid the short sale process and provide further protections to sellers. In short, the new law prohibits second lien-holders from going after short sale sellers for the deficiency amount between what is owed on the loan and the lesser amount the second lien-holder agrees to accept to complete the transaction. This restriction is already in place for primary lien-holder deficiencies.
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