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[quote=Anonymous]Had major flood damage to our home. It's about a $60,000 repair and is covered by insurance. Since we had the contractors coming in, we decided to do some work, about $25000 worth, that we had been saving for for a few years.

The contractor didn't have any payment schedule in the paperwork we signed. The insurance work and extra work are about 95% complete. However, as has been our experience, they got about 90% of the work done in the first two months, and have been really dragging their feet on the last few details. In the beginning, they'd have crews out here all day, 6 days a week. Now, it might be two weeks before someone comes out, and only after we prod.

Anyhow, the insurance/mortgage company have released 2/3 of the payment and will not release the final third until we sign off that it is 100% complete and an inspection is done. We have paid $20,000 of the $25,000 we owe.

The contractor has been really pestering me to complete the payment on our portion. I keep telling him we will pay the final portion when the job is 100% done. He's saying he's out $25,000 for about $500 worth of work. My point is that we have paid 80% of our portion, we have no control over the mortgage companies policies, and if he'd just get the darn work done, he'd get the money.

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