Legal Question in Real Estate Law in Colorado
I hired this architect to design a aged home facility, agreement to perform work price was $15,000, in the first month we were charged around $12,000 and with out a final plan, but then we realized he went way over our budget of $500,000 by 100%, the bank too realized we could not pay that much money back for the income that we would have coming in, so we tried to find different ways to make it work out, but did not work. So we stop any more work on project. We have to this day payed him $8,000 and he has billed us for $4,800 for his final bill. We tried to settle for less amount, because our plan was that we would get the monies from the bank to finish any other expenses.we can only manage to pay him $1,800, our finances have become very fragile, because of the bad economy. He has fretted to turn us in for collection. Can we sue him for damages of lost money paid to him and the projected income on facility. He is pushing us against a wall and I wanted to work with him, but he will not listen to,what we are trying to tell him, what we can do.
Is there some way I can push back, maybe sue him or turn him in to BBB. He has no idea what construction cost or he was just leading us on, knowing it did not matter that he would get his money quick and move on.
Thank you
Harley
1 Answer from Attorneys
The only way to know about viable suit options and negotiation strategies is by review of your agreement and other facts. Was the contract clear about the scope of the project and the importance of cost? Was the contract clear that you would pay the balance solely on funding? There are too many variables to know and what you can and cannot do really depends on more facts and review of all agreements.
Contact an attorney to review your matter.
DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney-client relationship.
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