[WSBARP] Contractor's bond

[Michael Brandt]

Craig:

I just settled with a surety for the amount of ½ the bond amount, given that the Plaintiff is a commercial business. We also have a $300,000+ default judgment against the contractor.

Michael D. Brandt
BRANDT LAW GROUP
1200 - 5th Avenue, Suite 1950
Seattle, Washington 98101
206.441.5739
206.299.9115 (fax)
www.brandtlawgroup.com<http://www.brandtlawgroup.com/>

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Craig Gourley
Sent: Thursday, February 29, 2024 12:01 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Contractor's bond

Listmates,  I have proceeded against countless contactor bonds over the years but this is a first.  The contractor admits he is liable to the client, even signed a document saying so.  We want to go after the bond to at least get the 12k.  Would you suggest calling the bonding company or will they only deal with it when an official suit is commenced?  If the contractor stipulates to judgment does that impair the ability to get the bond or somehow give them a defense? Thanks in advance! Craig

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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