[WSBARP] Contractor Bond question

[Bryce Dille]

That is the way they do it the bonding co pays the property owner then gets assignment of judgment they paid to collect from the contractor pursuant to agreement that was signed between bonding co and contractor when bond applied for so yes the judgments stays

Bryce H. Dille
Dille Law, PLLC
2010 Caton Way SW Ste. 101
Olympia, WA 98502
Office: 360-350-0270
Cell: 253-579-5561

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Gwendolyn Cornwell
Sent: Wednesday, April 19, 2023 10:18 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Contractor Bond question


I have a contractor client that got himself into a bit of a mess during COVID.  I don't normally deal with the bonds, so this is outside my regular practice.  He has two judgments against him in favor of property owners.  His bond company is putting the bond money in the court registry and filing Assignments of Judgment and a Consolidation and Tender Order.  My client is required to pay the bond company back before there can be a satisfaction of judgment on either matter, correct?

Is the bond company right in doing this?

Thank you!

Gwendolyn Cornwell
Attorney
GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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