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?

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:

An action for partition usually arises when there is a dispute as to how to divide property, or in a dispute as to whether property should be sold. One co-owner of real property can file to get a court order requiring the sale of the property and division of the profits, or division of the land between the co-owners, which is often a practical impossibility. Normally, a partition order provides for an appraisal of the total property, which sets the price for one of the parties to buy out the other's half. The judge handling your divorce proceeding has the authority to 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.