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Why You Should Talk to a Partition Action Lawyer
When two or more people own real estate and cannot come to an agreement about how to divide the property or what a fair price should be for a buyout, a partition action may be the only way to resolve this dispute. A partition action lawsuit is a civil legal proceeding in which one or more owners seek a court order to sell their property and equitably divide the proceeds between the co-owners. Frequently, we have clients asking how much does a partition action cost for a land or property that they purchased together with a business partner.
This can often result in issues that do not foreseeably arise such as disagreements over how to manage the property or how to split up the profit when the business is sold. If you have any questions or concerns about a potential partition action, it is important to talk to a lawyer at Rosado, Apat & Dudley, LLP in Shakopee (Scott County) or Litchfield (Meeker County). Our attorneys are highly experienced and knowledgeable in handling these complex cases.
A Partition Action Lawsuit is a Good Option for some situations
If your property is being divided through a family inheritance or you are the beneficiary of a real estate investment, a partition action would likely be the best course of action. These lawsuits can be expensive, but they can also break a deadlock between co-owners and help to re-establish a sense of common ground.
Voluntary Settlements Before a Partition is Filed
In many cases, before a partition action is filed, we can facilitate negotiations with co-owners to see if a voluntary sale or purchase of the property can be reached. This is typically the best way to avoid a costly and time-consuming lawsuit. We can help you prepare for a voluntary partition by reviewing all of the pertinent documents, such as property deeds, and discussing the various options that are available to you. This post: https://www.britannica.com/topic/lawyer elaborates more on the topic, so you may need to check it out.
We can also help you determine how much money is at stake in the case and whether or not it is more cost-effective to settle the matter before a lawsuit is filed. It is always better to try and work out a solution on your own before seeking legal help. If possible, you should negotiate a solution with your co-owners directly so that there are no surprises in the courtroom. Having all of your documentation and records in place will be beneficial for the attorneys preparing the case. This will give them a clear picture of how the property is owned and what parties are entitled to by law to get a favorable outcome for you.
The Attorneys at Rosado, Apat & Dudley, LLP can assist you in obtaining all of the documentation and information that you need to make an informed decision about the best option for your specific situation. If you are wondering can i file a partition lawsuit without a lawyer, then the answer is yes. If you have the knowledge and experience to do so, you can represent yourself in a partition action lawsuit and handle the litigation on your own. However, it is important to understand that the court will be more likely to rule in favor of the party seeking to force a sale.
We can also help you determine how much money is at stake in the case and whether or not it is more cost-effective to settle the matter before a lawsuit is filed. It is always better to try and work out a solution on your own before seeking legal help. If possible, you should negotiate a solution with your co-owners directly so that there are no surprises in the courtroom. Having all of your documentation and records in place will be beneficial for the attorneys preparing the case. This will give them a clear picture of how the property is owned and what parties are entitled to by law to get a favorable outcome for you.
The Attorneys at Rosado, Apat & Dudley, LLP can assist you in obtaining all of the documentation and information that you need to make an informed decision about the best option for your specific situation. If you are wondering can i file a partition lawsuit without a lawyer, then the answer is yes. If you have the knowledge and experience to do so, you can represent yourself in a partition action lawsuit and handle the litigation on your own. However, it is important to understand that the court will be more likely to rule in favor of the party seeking to force a sale.