Menu
Home>Levelset Community>Legal Help>What kind of bond and approx cost?

What kind of bond and approx cost?

IdahoBonding Off Lien

I am the owner of a development of condos. We are one the first building of 5 buildings. We hired a contractor (RUSTIC) that was in over his head, wasn't paying attention to quality, and was submitting bad invoices (we paid him for items we never got like carpet, hot water heaters, etc and numerous invoices were doctored or just bogus). We fired him. Rustic submitted a final invoice for approx $17,000. We hired an attorney for a possible lawsuit for shoddy work we had to re-do and his bogus charges. After Rustic received a letter stating we wanted approx $150,000 returned for all of above, Rustic said they were checking their accounting to make sure there were not more charges. They then filed a bogus lien for $253,000. Our legal options are to file suit or turn him into the Attorney General of Idaho. We have been advised both are options as we have alot of proof for the contractors actions. BUT, we need to sell the condos, thus have the lien taken off. What kind of bond and approx cost? I have noticed most online are someone reasonable, but someone noted 1.5 x lien amount which seems crazy.

0 replies