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Collecting Payment Through The Contractor's Bond

 
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Old 12-14-2011, 11:57 AM   #1
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Collecting Payment Through The Contractor's Bond


I have a general contractor/property management firm that owes us for work on one of their properties ( all REO's). Well, as of this date they are 90 days past due on payment.

We are in CA, and, I was wondering if anyone here has tried to collect past due payment through the GC's contractor bond ? I have heard that this is very difficult to do and takes a tremendous amount of time.

Anyone have experience with this ?
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Old 12-14-2011, 01:03 PM   #2
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Re: Collecting Payment Through The Contractor's Bond


Get cousin Vinny to knock on the door. That should solve the problem!

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Old 12-15-2011, 01:40 PM   #3
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Re: Collecting Payment Through The Contractor's Bond


I think you have to to sue and get a judgment first. Good luck...
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