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Mississippi Judgment Approving the Report of Commissioners and...

Mississippi Judgment Approving the Report of Commissioners and Granting Partition

Name: Mississippi Judgment Approving the Report of Commissioners and Granting Partition
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.69 (465 reviews)

Category:

Mississippi Real Estate - Partitions

State:

Mississippi

Control #:

MS-61405

Format:

Instant download

Description

This is a model Judgment form, a Judgment Approving the Report of Commissioners and Granting Partition. The form must be completed to fit the facts and circumstances of whatever judgment the court has rendered. When signed by the Judge, the judgment becomes binding. USLF control number MS-61405

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FAQ

A California partition action happens when one co-owner of real property wants to sell but other co-owners do not want to sell their ownership rights. Partition means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of Partition.

How much does a partition action cost? In California, the cost of partition action and attorneys fees can vary greatly, depending on the complexity of the property and issues involved and the resistance of your opposing party. Attorney's fees can range from $20,000 to $100,000+ per party.

Can A Partition Be Stopped? Typically, a partition action cannot be stopped once a lawsuit is filed because anyone who wants to dissolve ownership that is jointly owned with another person has a legal right to sell his/her interest if desired.

A petition for partition can take 6 months to one year if ordered sold at the courthouse. The parties can always decide to sell through a realtor and the time will depend on when a buyer makes the offer.

A court-ordered sale or physical division of property, usually real estate, that's owned by more than one person as tenants in common or joint tenancy. Any co-owner has the right to demand a partition.

To legally partition property means to bring a proceeding in court to force the physical division or sale of the property and division of the proceeds among the co owners.The right to partition can be waived if the correct agreement is executed.

To sell the whole piece, all owners must agree to sell. Joint tenancy gives rights of survivorship to the surviving co-owner when one of the owners dies. Consult a real estate attorney and review the conditions under which you can sell your property. Offer to sell your interest in the property to your partners.

Mississippi Judgment Approving the Report of Commissioners and Granting Partition

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What is a partition in property law?

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