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Updated about 6 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Michael Camden
  • Investor
  • Austin, TX
3
Votes |
10
Posts

Mechanics Lien ? - Missed Completion Date

Michael Camden
  • Investor
  • Austin, TX
Posted
Hi All, We're currently flipping a property in Texas and are at the end of the process. Our Contract with the contractor called for a specific completion date, and we agreed on a cost per day reduction in the contract price. The project was delayed by 70 days and we had to have another contractor come in to do some touch up work. We gave two weeks concessions to the contractor due to weather and a few unforeseen additional tasks that held him up. The contractor is fighting our stance and unwilling to meet in the middle and accept any responsibility for the delay. He's threatened putting a mechanics lien on the property. It's only $1,500 at the end of the day but we're not in the wrong based on our contract. Has anyone had this issue? Would you just pay it or hold your ground on principle? The legal process can take some time. Best, Michael

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