What is a sale by partition in a divorce?

Full question:

What is a sale by partition? Is this the appropriate remedy when a spouse in a divorce action refuses to list the home for sale?

  • Category: Divorce
  • Subcategory: Property Settlements
  • Date:
  • State: Florida

Answer:

A sale by partition occurs when co-owners of property cannot agree on how to divide it. One co-owner can request a court order to sell the property and divide the proceeds, or to physically divide the property, which is often impractical. Typically, the court will order an appraisal to determine the property's value, allowing one party to buy out the other's share. In a divorce case, the judge can also order a partition of the property.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Deciding whether to keep a house or sell during a divorce depends on various factors. Consider the financial implications, such as mortgage payments and maintenance costs, as well as emotional attachments to the home. Selling can provide immediate cash to divide, while keeping the house might be beneficial for stability, especially if children are involved. Consulting with a financial advisor or attorney can help clarify the best option based on your specific situation.