Folsom Partition Lawyers

Folsom is in Sacramento County, about 22 miles northeast of the state capital of Sacramento. The city is well known for having California’s second prison, Folsom State Prison, completed in 1880 and popularized in Johnny Cash’s song, “Folsom Prison Blues,” as well as various other historic attractions and sites. As a city with deep roots and traditions, residents of Folsom often find themselves tied down to property jointly owned with another person, maybe a relative. Sometimes, these residents want to move from a chaotic situation and start fresh someplace else with the equity from the jointly owned property but find that a co-owner is unwilling to pay fair market value for their share. In such a scenario, speaking with a Folsom Partition Attorney can help.

There are at least four scenarios where a Folsom Partition Lawyer can be helpful:

• Boyfriend-Girlfriend co-ownership of property;
• Sibling-Sibling co-ownership of property;
• Parent-Child co-ownership of property;
• Investor-Investor co-ownership of property;

In the great state of California, partition is a favored solution to these situations, and the right is absolute. This means that a partition action may be enacted by any co-owner, regardless of the amount of interest they have in the property. A partition action may be the best remedy, and a Folsom Partition Attorney can help give meaning to these laws to ensure your rights.

A partition action generally has four parts: determination of the parties’ ownership interests, determination of credits and debits, the sale of the property, and finally, dispersal of funds based on the parties’ interests. Each of these parts has its own unique difficulties, which an experienced Folsom Partition Lawyer should be aware of.

Folsom is home to the Powerhouse State Historical Park, a historic site whose hydroelectric powerhouse delivered power to Sacramento from 1895 until 1952, the Folsom Zoo Sanctuary, an animal sanctuary that raises and protects animals that were rejected or abandoned in the wild, the Folsom History Museum, built-in 1860 by Wells Fargo, the Folsom Dam, constructed nonstop from 1948 until 1956, and Folsom Lake.

The city’s most significant tradition is hosting the annual Folsom Rodeo during the Fourth of July weekend. The event consists of community picnics, and concerts in the park. These events are followed by a cattle drive down Folsom’s historic Sutter Street, where cowboys round up the cattle and parade them down the road. Residents enjoy the festival through bull riding, bronco riding, barrel racing, and steer wrestling. They end the night under the light of a large firework display while enjoying food and drinks from local vendors that cater for the event. The city of Folsom was initially called Granite City. In 1855, it was renamed in honor of Joseph Libbey Folsom, a real-estate investor who lobbied to get a railway to connect Granite City to Sacramento, ensuring the city’s success.

The Folsom Partition Lawyers at the Underwood Law Firm, P.C. have countless experience in partition actions and are ready to untangle you from an unwanted situation.