YOUR HELP NEEDED TO DETERMINE MONIES LOST DUE TO DEVELOPMENT(S) IN FORECLOSURE
The GUCA is seeking legislation to create a Construction Trust or similar statute. This legislation will require developers to account for monies borrowed from the bank and guarantee payments to contractors and their subcontractors. GUCA needs your help by completing the questionnaire below so we can take this information to your legislators. This information will only be used for statistical purposes and will be held in strict confidentiality.
YOUR RESPONSE IS NEEDED NOW!
Please fill out one form per DEVELOPMENT
Name of Your Company ______________________
Contact Person _____________________________
Name of Development____________________________
Location of Development City______________ County_______________
Is Project in Foreclosure? □ Yes □ No
Current Contract Amount $______________
Outstanding Amount Due $_______________
Number of vendors effected due to non-payment from owner working under this contract _____________
Original amount owed to all vendors effected under this contract $______________________
Total amount outstanding to vendors to date $___________________
If you have any questions regarding this questionnaire or the use of this information, please contact the GUCA office at 404-362-9995. Please return this survey at your earliest convenience to (404) 362-9211 to be included in the statistics.
