T
tmoran
Guest
What is the name of your state?
New York
I gave a contractor $11,000 downpayment last fall to get into his schedule for mid-june of this year. in the meantime, my company has had a very bad year and my salary, as of february, took a substantial cut. i am therefore not in a position to go ahead with the job. i basically have to remortgage again and give back the money i took out to do this contruction--approximately $180,000. I explained this to the contractor in February. he was not happy--in fact he was belligerent. i have spent the last month or so seeing what i can afford, how much i can remortgage, etc. in the end, all i can afford is a scaled-down job that would cost about 1/3 of the original esitimate. the contractor says it's too small, i am breach and he'll see me in court. again, belligerent and confrontational. he has done not one bit of work at this point related to the job, yet has had my $11.000 for 5 or 6 months. i understand his position but you can't get blood out of a stone. i can't do the job, gave him plenty of notice, and offered to put the $11,000 downpayment towards the substantially reduced job. he wants to hear none of it--hung up on me last night. any thoughts about what my options are?
tm
New York
I gave a contractor $11,000 downpayment last fall to get into his schedule for mid-june of this year. in the meantime, my company has had a very bad year and my salary, as of february, took a substantial cut. i am therefore not in a position to go ahead with the job. i basically have to remortgage again and give back the money i took out to do this contruction--approximately $180,000. I explained this to the contractor in February. he was not happy--in fact he was belligerent. i have spent the last month or so seeing what i can afford, how much i can remortgage, etc. in the end, all i can afford is a scaled-down job that would cost about 1/3 of the original esitimate. the contractor says it's too small, i am breach and he'll see me in court. again, belligerent and confrontational. he has done not one bit of work at this point related to the job, yet has had my $11.000 for 5 or 6 months. i understand his position but you can't get blood out of a stone. i can't do the job, gave him plenty of notice, and offered to put the $11,000 downpayment towards the substantially reduced job. he wants to hear none of it--hung up on me last night. any thoughts about what my options are?
tm
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