asked

I have a 203K loan for a home renovation. The contractor finished the job and now requests additional money from the contingency funds set aside by the bank for unforeseen issues. The contractor alleges that I requested a wall to be removed for kitchen renovation, which is incorrect. I have not agreed to any additional costs and feel this is extortion. The bank says the contractor can put a lien on the house, but I am unsure how this is possible for things we did not agree upon. What steps should I take to address this situation?

January 7th, 2023

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