The former couple originally purchased the Niles residence in 2021 utilizing a Department of Veterans Affairs loan, but their relationship ended the following spring. After the house was sold in December 2023, the title company withheld over $55,000 due to competing claims over the proceeds. The appellate ruling rejected claims that falling short of a spending cap invalidated the financial pact. Lokash will receive her full reimbursement alongside an equal share of the leftover profit.
Key points
Unused renovation materials bought by a partner cannot be deducted from agreed reimbursem…: Unused renovation materials bought by a partner cannot be deducted from agreed reimbursements if the other party chose not to install them.
A party named solely on a deed must still honor separate written agreements regarding sha…: A party named solely on a deed must still honor separate written agreements regarding shared home sale profits.
The final judgment allocated Lokash $11,035.38 for direct expenses alongside $30,431.12 f…: The final judgment allocated Lokash $11,035.38 for direct expenses alongside $30,431.12 from the remaining net proceeds.
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A man in Ohio who refused to share money from the sale of his house with his former partner has lost a court battle over an agreement they signed when they were planning to get married. James R Cline argued that his former partner, Ashley A Lokash, had not spent enough money on improving the house to claim a share of the sale proceeds. However, on October 26, an Ohio appeals court ruled in Lokash's favour, allowing her to receive $41,466.50 from the sale.
The dispute began with a house the couple bought in Niles, Ohio, in 2021, according to Mortgage Professional America (MPA). At the time, they planned a future together and decided to invest in the property. Although the house was registered only in Cline's name, Lokash agreed to contribute money towards renovations and other improvements. They financed the purchase through a loan guaranteed by the US Department of Veterans Affairs.
In September 2021, they signed a written agreement explaining how their money would be handled. Lokash could spend up to $40,000 on improving the property. If the…
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