How many contractors take the money and run?Canadian Contractor Business Property
A reader responds to contractors posting here that they are frustrated with deadbeat clients: "How many contractors take the money and run, leaving handicapped and old people stranded?" says John. B.
John. B replies to the contractor who posted that the courts are next to useless in helping contractors to get paid by deadbeat clients.
“Are you guys kidding?
I’m a homeowner and business owner [who has] had extensive work completed by poor contractors – and [have had] the threat of a lien being placed on my residence.
I quickly realized how easy it is for contractors to place liens on property – and how expensive it can be for homeowners to get rid of a lien or a bad contractor.
As far as renewing a mortgage, any homeowner can do so with a lien on their property, as long as they use the same mortgage company. It’s only when a homeowner wants to change mortgage companies or sell that it becomes an issue.
Contractors know when they have messed up. Homeowners are not always the bad guys. How many contractors take the money and run, leaving handicapped and old people stranded?… It goes both ways.
If a contractor wants to place liens on properties, then that information should be made public and both parties should be allowed to show their sides…
Each party should post pictures and let the public… decide who is being most unreasonable. Would be much cheaper than having to hire lawyers to do up all the paperwork, even for small claims court!”
Edited version of a post by John B. on Nov. 14