Co-ownership of California real estate is common, whether you purchased property with a friend or business partner, or you just happened to inherit property with someone else. While co-ownership can have its advantages, it’s not always the best investment for you. What do you do if you can’t agree with co-owners on the best use for the property, on whether to sell, or when someone isn’t living up to his or her obligations? If things can’t be settled, California law generally allows a co-owner to force a sale of the real estate through what’s known as a partition action, allowing you to receive proceeds from the sale based on your share. You and the other co-owners may even agree to a buy-out. (more…)
Archive for June, 2009
Are You Making the Most of Your Assets? Dealing with Disagreements over Co-Owned Real Estate in California
Friday, June 12th, 2009
Recession or Not, Californians Are Still Inspired to Remodel Their Homes
Friday, June 12th, 2009Is it really the warm California weather that’s motivating homeowners to remodel? A posting on Earthtimes.org speculates that our climate may be keeping California’s home improvement industry relatively strong during the recession, since warmer months tend to boost home remodeling projects and California has a long warm weather season. Jason Larson, president of Lars Construction, a top San Diego remodeling company and San Diego Law Firm client, recently noted in an interview with Professional Remodeler that even during the current recession they’ve been scheduling more appointments than average. Weather theories aside, people may be remodeling to help make their homes more competitive on the market. If you’re planning on improving your home, you may want to think about how you can green your house in the process. (more…)
