Forum

The Brownstoner Forum is for the site's users to ask and answer questions about real estate, renovation and matters of local concern. Please refrain from self-promotional postings.

Attorney with Prior 203K Loan Experience

8:45 AM 02/02/2012

 

vinmill


We entered into an agreement with a contractor and he is looking to walk away before the work is completed. I am looking to consult an attorney with prior 203K loan breach experience.
I would also appreciate any suggestions anyone can offer on this.
Thanks.

 

 

Lawyers and legal service
2 answers
Sort By :

  • vote

    bullfrog

    Brooklyn

    We do alot of 203k projects and unless the loan was incorrectly structured or the bid was way too low I can't see why the contractor would walk away. I don't think that this situation comes up enough where there would be an attorney that has handled too many of these. Any attorney that can handle a contract dispute should be able to handle this. You should also speak to the bank that is financing your project and see what they recommend.

    5:50 PM 02/02/2012 | 0 Votes

     

     

    Comments (1)

    • vinmill

      Thanks!

      7:07 PM 02/02/2012

          

  • vote

    vditty1979

    Has he been paid to complete the work or is he being paid after completion in phases?

    10:13 AM 02/04/2012 | 0 Votes

     

     

Answer