What is the most promising way to collect money for a homeowner
We have completed our contract amount of 191,513.95 on a home damaged in Hurricane Michael
The homeowner received 288,000.00 from insurance. The final inspection passed three weeks ago and the man assures us that the bank said the final funds of 78,000.00 of which 18,000 is to pay the public adjuster. will be available this week however he is indebted to us $125,198.00 and has not made a payment since September.
Is there a form/contract that we can have him sign promising to pay the remaining amount due for materials and services performed??
I do not feel a lien would be beneficial since he resides in the home
Please let me know what you suggest we do to protect our company from being underpaid such a large amount of money