Craziest chargeback I've seen attempted - REO Property Preservation Forum
 
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post #1 of 8 (permalink) Old 02-27-2015, 05:24 PM Thread Starter
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Craziest chargeback I've seen attempted

It would be laughable if it wasn't so much money. I received a charge back for a bid over a year ago. Our bid didn't get approved, another contractors did and they did the work but they want to charge me thousands of dollars because they say I failed to bid items that should have been bid along with mine. I just think, they have to be joking but they aren't.
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post #2 of 8 (permalink) Old 02-27-2015, 05:51 PM
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Well someone has to pay for the work might as well be you....


NOT
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post #3 of 8 (permalink) Old 02-27-2015, 09:28 PM
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So what happens when a year or two later they want to charge you back but you don't work for them anymore, do they just try to intimidate you or sue you?
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post #4 of 8 (permalink) Old 02-27-2015, 10:56 PM
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They sick a lawfirm named Gibson & Assoc. on your butt. You will pay or they collect from your Ins Policy or they sue.
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post #5 of 8 (permalink) Old 02-27-2015, 10:58 PM
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I might add that they can come back up to 7 yrs and most of the contracts now till you that all records must be kept for 7 yrs
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post #6 of 8 (permalink) Old 02-28-2015, 08:19 AM
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Yes, 7 years isn't good for all those working under a sole prop.
If I recall, Gibson and Assoc are out of Missouri.
You get a notice of chargeback/claim for say 15K from the likes of Safeguard via email. Before you can even get hold of a real thinking person, you get a call from Gibson. They have already starting billing your insurance for their work and you don't even know what has happened yet. You blather a bit, they agree and seem slightly sympathetic and ask you to send them a written statement along with all related documentation. They will be in touch and hang up. You get the same apathetic "sucks to be you" from the claims dept of your national. You are basically out of the loop until they decide to settle/issue the payout. The whole time you are thinking that you pay the premiums, the insurance is in your name, yet how come it seems like everyone is working behind your back and leaving you in the dark. Don't forget, for those who are sole props, that claim on your insurance will affect other areas in your life too and may affect personal insurance like homeowner's and auto, etc. You can expect the same sympathetic "sucks to be you" from them as well.

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post #7 of 8 (permalink) Old 02-28-2015, 09:42 AM
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Lol. You got that figured out. It's absolutely flabbergasting how many "everyday" contractors just don't get the risk they are placing themselves in.

"It seems so easy, the service company gives us the work, we don't have to drum up clients, we do the work and we get paid--usually" this is almost verbatim a contractor who stopped and tried to enter a mold project on a foreclosed home.

My response " wow! Sounds to good to be true"
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post #8 of 8 (permalink) Old 03-01-2015, 12:21 PM
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Quote:
Originally Posted by PPArt View Post
It would be laughable if it wasn't so much money. I received a charge back for a bid over a year ago. Our bid didn't get approved, another contractors did and they did the work but they want to charge me thousands of dollars because they say I failed to bid items that should have been bid along with mine. I just think, they have to be joking but they aren't.
We have had this happen on bids that were 24-36 months old. It really makes you wonder why you are in this industry at all.

We fixed one or two and we fought a couple. The ones we fought we won and the ones we fixed were so minimal it made more sense than court.

Contact an attorney and state that you did not provide bids for those items as they were out of your scope. Attack the client's ability to force you to perform repairs or work on properties you choose not to offer your services on. Unless you are an Employee they cannot dictate to you what services you HAVE to provide even if you have provided those same services to another property in the past. The right attorney can get you through this with little to no trouble if they attack the client from this angle. If the client says too much you turn them over o the IRS for violating for their classification of employees as subcontractors. You can put them in a very tough spot by playing offense instead of defense.
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