When you enter into a real estate co-ownership relationship in Santa Cruz, you greatly reduce the risk of purchasing property as an individual. However, there are certain steps you must take to ensure the arrangement is a success, otherwise you run the risk of losing...
Co-Ownership Disputes & Title Matters
Determining whether joint tenancy is right for you
Before you and another party such as a spouse, partner, friend or sibling decide to buy California real estate together, you have a number of decisions to make. One of the most important is if joint tenancy is best for your situation. We at the Law Office of Leo B....
What is a partition action?
If you own a piece of California real estate with one or more other people, what do you do if you want to sell the property but your co-owners do not? The answer may depend on how you acquired joint ownership. If you and your co-owner(s) acquired the property through...
Is co-signing and co-owning the same thing?
It is common for people to get a co-signer on a loan when making a large purchase. Whether you are buying a home in California or getting something less expensive, such as a car, if your credit is not where the lender wants it to be, you will probably need a...
Understanding partition lawsuits
It is very common for siblings to have very different plans when it comes to their inheritance, but when the asset they receive is California real estate, it may be impossible for the each to get their own way. According to SFGate.com, ideally, both owners would agree...
Tenancy in common vs. joint tenancy
Co-owning a property in Santa Cruz can be a complex proposition; many of the clients that we here at The Law Office of Leo B. Siegel have worked with can attest to this fact. Your stake in the property will always be your primary concern. At the same time, what your...
Claiming tax deductions on co-owned properties
Owning a property offers several benefits to Santa Cruz residents, including certain tax advantages. Chief among these advantages is the opportunity to claim deductions related to the expenses of ownership. Deductions do tend to get slightly more complicated, however,...
Protect property from squatters by being vigilant
When there are easily accessed online articles and even a few websites dedicated to helping squatters be successful, it is easy to understand why the practice is so widespread. Property owners In California need to take extra care in safeguarding their property due to...
Can I force my property co-owners to sell?
There are times when co-owners of a California property disagree on whether to sell or keep it. It might be a couple who bought the home together but now want a divorce. It could be one of several siblings or relatives who co-own an inheritance and one of them has...
Detailing the different types of deeds
Most people in Santa Cruz may believe that the issue of trasnferring the title of a property only comes up when said property is listed for sale. While that may be the most common reason for a title transfer, it is by no means the only one. Some may want to transfer...