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How do i pay my contractor?

16 years ago

This rebuild was an insurance claim. Bank sent 1st draft (10%) directly to 1st contractors. That company went out of business and town with about $3K over what they had done-demo only. I cannot get into contact with the company.

Now, house is 92% complete, but bank won't pay new contractors who did THE BEST work towards getting the house rebuilt. Why? I don't have a lien waiver from the first company. So what am I to do? I have no way of contacting the 1st company and have no lien waiver signed.

Bank says they need that stating that I don't owe any money, Hilarious, considering the contractors owe ME. Bamk is aware of the situation, but still asking for documentation on company letterhead.

Any ideas or experience with this?

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