Contingency can take 40%, so if they end up suing and settling for just a bit more than the house is worth, it might actually cost them money instead of just getting a directly negotiated settlement from the companies insurance.
That is probally the main issue. A mostly falling apart home isn’t worth much in comparison to the land it’s on. 100k at most, more likely 25-50k. Bog standard houses themselves aren’t that valuable, so suing suddenly is maybe not worth it, which the demo company knows and is abusing.
Contingency cases don’t require payment if lost.
Contingency can take 40%, so if they end up suing and settling for just a bit more than the house is worth, it might actually cost them money instead of just getting a directly negotiated settlement from the companies insurance.
That is probally the main issue. A mostly falling apart home isn’t worth much in comparison to the land it’s on. 100k at most, more likely 25-50k. Bog standard houses themselves aren’t that valuable, so suing suddenly is maybe not worth it, which the demo company knows and is abusing.
Yes. I’m thinking that may be the issue as well.
You’re right, that has slipped my mind when posting. However, they can still choose to pay if they want a lawyer if no one is accepting contingency.