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<p class="MsoNormal">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<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="mso-ligatures:none">Bryce H. Dille<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Dille Law, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">2010 Caton Way SW Ste. 101<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Olympia, WA 98502<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Office: 360-350-0270<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Cell: 253-579-5561<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="mso-ligatures:none">Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings,
Including Performing Services as IRS Section 1031 Exchange Facilitator Estate Planning, including Wills and Trusts, and Probate Administration Representation Homeowners/Condominium Association Real Estate Developments Real Property Foreclosures and Forfeitures.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="mso-ligatures:none">From:</span></b><span style="mso-ligatures:none"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Gwendolyn Cornwell<br>
<b>Sent:</b> Wednesday, April 19, 2023 10:18 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBARP] Contractor Bond question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Is the bond company right in doing this? <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;font-variant:small-caps;mso-ligatures:none">Gwendolyn Cornwell<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Attorney<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="mso-ligatures:none">GOURLEY LAW GROUP<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="mso-ligatures:none">THE EXCHANGE CONNECTION<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="mso-ligatures:none">SNOHOMISH ESCROW <o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="mso-ligatures:none">P.O. Box 1091<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Snohomish, WA 98291<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">PH: (360) 568-5065 (800) 291-8401<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Fax: (360) 568-8092 <o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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