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Message
re: mortgage company dealings question for the contractors
Posted on 10/9/08 at 10:57 am to Meauxjeaux
Posted on 10/9/08 at 10:57 am to Meauxjeaux
quote:
your contractor is not going to put out alot of his money on your job and wait for 1/3 draws... they can't do it like they used to.
Exactly, which was the pinch I was in. I was going to have to stop work until Chase inspected, then doled out the next check. My contractor had other jobs pending and wasn't going to wait. I had already fronted $20K out of my pocket.
Posted on 10/9/08 at 11:06 am to Traveler
We did a job for a guy that had Chase back in 06 after Katrina. He ran into the same thing - after about 3 months, he threatened to sue them and they gave him the whole check.
He turned around and wrote it over to me - like $60k all at once. I was like, "dude! you can't do this!".
He said, "frick it, I'm tired of dealing with all this mess, just finish the house", which we did.
I don't know what the atty did with Chase, but base on the other post in this thread, Chase must have button to push that get's you out of their goofy inspections.
He turned around and wrote it over to me - like $60k all at once. I was like, "dude! you can't do this!".
He said, "frick it, I'm tired of dealing with all this mess, just finish the house", which we did.
I don't know what the atty did with Chase, but base on the other post in this thread, Chase must have button to push that get's you out of their goofy inspections.
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