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Joined: Jan 2006
Posts: 16,055 Likes: 277
Moderator Lunker
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Moderator Lunker
Joined: Jan 2006
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I believe I would attempt tp file a lien om his equipment
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Oct 2015
Posts: 2,424 Likes: 19
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Joined: Oct 2015
Posts: 2,424 Likes: 19 |
Dave, The op said the scammer has no assets. He rents equipment.
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
"In the age of information, ignorance is a choice." - Donny Miller
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Joined: May 2015
Posts: 65 Likes: 7
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Joined: May 2015
Posts: 65 Likes: 7 |
I'm shocked that a guy like that was bonded. You'll probably get your money back (at least part of it) if he's a bonded contractor.
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1 member likes this:
gehajake |
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Joined: Oct 2015
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Joined: Oct 2015
Posts: 2,424 Likes: 19 |
It all depends on how much the limit of his bond is, and who gets paid out of it first.
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
It all depends on how much the limit of his bond is, and who gets paid out of it first. One of the victims I'm talking to said it was for $1 million but I haven't been able to verify it.
"In the age of information, ignorance is a choice." - Donny Miller
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Joined: Oct 2015
Posts: 2,424 Likes: 19
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Joined: Oct 2015
Posts: 2,424 Likes: 19 |
That's a huge surety bond for a single operator. Maybe it's just liability insurance, in case he hurts someone with the equipment, or fells a tree on someone, things of that sort.
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Joined: Dec 2018
Posts: 895 Likes: 201
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Joined: Dec 2018
Posts: 895 Likes: 201 |
That's a huge surety bond for a single operator. Maybe it's just liability insurance, in case he hurts someone with the equipment, or fells a tree on someone, things of that sort. JF, I am with you on that one, Id guess he might have a mil in liability insurance but the chances of him having a mil in a surety bond is slim to non, that is an expensive insurance and this fellow doesn't seem to be the type to have that, or the character that any insurance company would even issue one to,, I hope Im wrong for Steve's benefit. Again, I wish him way better luck then Im afraid of.
All the really good ideas I've ever had came to me while I was milking a cow.
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Joined: Jan 2006
Posts: 16,055 Likes: 277
Moderator Lunker
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Moderator Lunker
Joined: Jan 2006
Posts: 16,055 Likes: 277 |
I hope he does some hard time
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Oct 2015
Posts: 2,424 Likes: 19
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Joined: Oct 2015
Posts: 2,424 Likes: 19 |
I hope he does some hard time I think nothing will happen to him. Bad people get away with stuff like that. I have little to no faith in the system.
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Joined: Jan 2006
Posts: 16,055 Likes: 277
Moderator Lunker
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Moderator Lunker
Joined: Jan 2006
Posts: 16,055 Likes: 277 |
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
Final update on this: I Finally heard back from this guy's insurance company and they said my claim isn't covered. She said it doesn't cover "intent," whatever that means. I'm assuming it doesn't cover intent to damage or defraud me, only "accidental" damage. At least, that's what I took away from it.
Back to the drawing board.
"In the age of information, ignorance is a choice." - Donny Miller
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Joined: May 2009
Posts: 5,722 Likes: 282
Lunker
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Lunker
Joined: May 2009
Posts: 5,722 Likes: 282 |
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Joined: Apr 2020
Posts: 9 Likes: 1
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Joined: Apr 2020
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Sorry to hear about the outcome on this. Being in the equipment business (we own a rental company) you meet all kinds of characters and learn how to spot the shady ones (most of the time). I would be hesitant on the original builder you are thinking of bringing back as well. If you can't get in touch with him when you are trying to give him business, imagine how quick he will be to call you back when something goes wrong.
My grandfather built ponds for decades as part of his business. A large portion of those were when he did not win the bid, and got called back because the person/company who did, could not deliver what they promised. I hope you find a way to get this done and behind you.
Last edited by MWCEO; 12/02/20 11:17 AM.
Pond Boss Subscriber
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
At this time, I don't have the funds to complete the job. Thinking about a home equity loan at some point. We bought our house for a few thousand less than what it was appraised at, so we instantly started off with some equity, or at least thats how I understand it. Right now I have about an 8' deep hole thats probably 10'x10'. Its held water since it was dug. Might throw some minnows in it, or some BG to mess around with, when it clears up (if it clears up - its surrounded by piles of clay/dirt that keep re-muddying the water every time it rains). We'll see what the future holds... I haven't given up yet.
"In the age of information, ignorance is a choice." - Donny Miller
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Joined: Oct 2016
Posts: 1,110 Likes: 76
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Joined: Oct 2016
Posts: 1,110 Likes: 76 |
Is your water level staying 8' deep? If so and all they did was dig a hole and it stays full, then you could try renting a skid steer for a weekend and see how much bigger you can make it and if it will still hold water.
Bob
I Subscribe To Pond Boss
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Joined: May 2009
Posts: 5,722 Likes: 282
Lunker
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Lunker
Joined: May 2009
Posts: 5,722 Likes: 282 |
I would take a deep breath and take your time. You are in an unfortunate situation, but think things through before throwing more money at it. Adding some FHM should not hurt, but don't let your frustration get the better of you. As someone who has been through what you went through, I truly wish you the best.
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Joined: Oct 2016
Posts: 1,110 Likes: 76
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Joined: Oct 2016
Posts: 1,110 Likes: 76 |
RAH is right, you'll be better off if you take your time and think things over. I also understand that sometimes it is hard to wait and you want something to play with while you wait. If you just have to have something to play with now maybe make something that can be used as a sediment/forage pond later.
Last edited by Bobbss; 01/07/21 04:18 PM.
Bob
I Subscribe To Pond Boss
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
Is your water level staying 8' deep? If so and all they did was dig a hole and it stays full, then you could try renting a skid steer for a weekend and see how much bigger you can make it and if it will still hold water. Yeah, it has held water and never dropped once. I'm pretty sure there's a spring in the bottom of it, or at least that's what the felon/scammer/A-hole told me. It's just really muddy due to the surrounding terrain being exposed dirt/clay. The skid steer isn't a bad idea, of course, I've never operated one before. I'll see how my finances are in 6-9 months and maybe have a plan put together for a new fall dig. @RAH, thank you sir. As you know, my ultimate goal is to be able to raise blue cats and the hole I have now is too small for that.
"In the age of information, ignorance is a choice." - Donny Miller
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1 member likes this:
RAH |
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Joined: May 2009
Posts: 5,722 Likes: 282
Lunker
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Lunker
Joined: May 2009
Posts: 5,722 Likes: 282 |
Looks like I will to try and catch my stocker blue cats. Cannot find a source near me. My water is still too infertile to add any predators right now anyway. That will change as leaves blow in and plants get established.
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Joined: Jan 2006
Posts: 16,055 Likes: 277
Moderator Lunker
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Moderator Lunker
Joined: Jan 2006
Posts: 16,055 Likes: 277 |
Re reading all of this and have come to a conclusion. There is a shortage of butt whuppins and way to much government and lawyering.
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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2 members like this:
Steve_, RStringer |
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Joined: Jun 2018
Posts: 1,470 Likes: 107
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Joined: Jun 2018
Posts: 1,470 Likes: 107 |
Yes tht fella is one REAL good ass whipping away from straighten up his ack.
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1 member likes this:
Steve_ |
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Joined: Nov 2011
Posts: 2,182 Likes: 29
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Joined: Nov 2011
Posts: 2,182 Likes: 29 |
Just an idea: When we financed our pond, it was strictly from savings re-financing the house. We dropped the interest from 6.8% down to 3.99% or something like that, and also reduced the length from 30yr to 15yr at the 7yr mark (so we get done 8 years sooner). In the process, we increased the loan over the remaining balance to cover some projects we wanted to do to the house. The leftovers from those projects built the pond. It wasn't an equity line of credit.
Our payments went up $150 per month, but we wound up saving more than $80K at the end of the term vs. the 30yr even with the extra money withdrawn of $20K. Win-win, and amazing how much money you give the bank to loan you money for 30 years.
Last edited by liquidsquid; 01/13/21 10:23 AM.
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Joined: Oct 2019
Posts: 517 Likes: 38
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OP
Joined: Oct 2019
Posts: 517 Likes: 38 |
Just an idea: When we financed our pond, it was strictly from savings re-financing the house. We dropped the interest from 6.8% down to 3.99% or something like that, and also reduced the length from 30yr to 15yr at the 7yr mark (so we get done 8 years sooner). In the process, we increased the loan over the remaining balance to cover some projects we wanted to do to the house. The leftovers from those projects built the pond. It wasn't an equity line of credit.
Our payments went up $150 per month, but we wound up saving more than $80K at the end of the term vs. the 30yr even with the extra money withdrawn of $20K. Win-win, and amazing how much money you give the bank to loan you money for 30 years. Wow, glad that worked out for you. I'm definitely interested in doing something like that (a re-fi over another line of credit).
"In the age of information, ignorance is a choice." - Donny Miller
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Joined: Nov 2011
Posts: 2,182 Likes: 29
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Joined: Nov 2011
Posts: 2,182 Likes: 29 |
Of note, a little off topic: We purchased our house for $146K back in 2001, a hell of a deal/steal. If we stuck with the original mortgage, we would have paid about $180K in interest, More than the value of the house at purchase time. Back in 2001, it was our first house, and we couldn't get a reasonable interest rate. Go here to fart around with various loan parameters: https://usmortgagecalculator.org/So original loan at 6.8% over 30 year would have cost me $180K Same loan a 3.99% would have cost me $94K Dropping to 15 year at 3.99% would cost me $43K So from original to now not considering the 7 years stuck on the crap loan it would be a $137K pond! Out here, I would need more than 16 acres to support that.
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1 member likes this:
Steve_ |
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