Real Property - Partition of Property - Liens and Purchase Price...

Requiring a party to a partition action to timely notify the court of the type and amount of each outstanding lien on the property if the plaintiff does not procure a title report; altering the calculation of the purchase price for the interest of a cotenant by subtracting the amount of outstanding liens owed on the property from the value of the entire parcel; requiring the court to adjust the purchase price for the interest of a cotenant based on certain costs and income from the property; and applying the Act prospectively.