Challenge:
My client, a contractor, was owed payment for a home remodel after the homeowner defaulted due to losing their primary source of funding. Without a structured plan in place, there was a risk of non-payment and prolonged financial strain.
Solution:
To protect my client’s interests, I advised filing a mechanic’s lien before serious negotiations began. Through direct conversations, I uncovered that the homeowner had pending contracts and an inheritance that could provide funds. A structured payment plan was negotiated, including an initial good-faith payment, monthly installments over six months, and a payoff incentive for early settlement. All agreements were documented in writing, and open communication was maintained to ensure compliance.
Outcome:
The homeowner adhered to the structured plan, making payments on time, and ultimately settled the balance before the final due date. The mechanic’s lien was successfully removed, and the matter was resolved amicably. By ensuring transparency and accountability, I facilitated a fair resolution that protected my client’s financial interests while allowing the homeowner to fulfill their obligations in good faith.