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re: mortgage company dealings question for the contractors

Posted on 10/9/08 at 10:47 am to
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
24341 posts
Posted on 10/9/08 at 10:47 am to

Chase tried that installment shite payment on me after Rita. I contacted the office of financial instituions (btr), congressman and anybody else that would listen. I exposed their 'inspection' process as a complete fraud and it wasn't long they sent the whole payment instead of as they saw fit.

this is better discussed on the $$ board

Thanks admin
This post was edited on 10/9/08 at 10:51 am
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40432 posts
Posted on 10/9/08 at 10:51 am to
One thing I would be aware of: Contractors are being NAILED by the credit crunch.

This puts you, the consumer in a very tight pinch - 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.

Consumer advocates are still going to tell you not to pay in advance for work that is not yet done.

This sets up a mexican standoff. MAKE SURE you find a contractor you can put your hands on if need be - ie, he's local, has family and kids in the area in schools, maybe has an office, or a family that has other business in the area.

It's more important now than ever.

ETA: this guy is not going to be the cheap contractor either. It costs money to own a home, educate your kids and have an office.
This post was edited on 10/9/08 at 10:53 am
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