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Old 10-24-2008, 01:41 PM
cinnacracker cinnacracker is offline
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Join Date: Oct 2008
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Default Performance bond/ new construction

Our builder has had 2 performance bonds in place related to the building of our townhome. The first one was in place when the took out the building permit, but expired before we found the place. He renewed the bond with a new company since the work was not done. The 2nd bond was in place when we found and bought the place. If we have a claim on the bond, which bond would we be entitled to? The one that was in place when he took out the permit for the work or the one that was in place when we bought? They are for different amounts due to change in the laws. Thanks. Cleveland, Ohio
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