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Old 08-02-2012, 08:12 PM  
x-rate
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Quote:
Originally Posted by Barry-xlovecam View Post
I was a Licensed Residential Builder for 13 years, it don't work that way at all ; If the customer doesn't pay or their funds are bad -- we all (the contractors and subs) go to the courthouse together and place our mechanics liens against the title to the property. Then we have a year to file a suit in the Circuit Court for a foreclosure to satisfy all construction liens (the money owed for the work). Usually they pay off under threat of foreclosure.

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You are right but I'm pretty sure you understood the whole point of my post! You can apply my example to a trucking company using sub contractor etc...
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