My question involves real estate located in the State of: TEXAS
Quick background: 10+ acres completely paid for (100% owned), loacted in country, zoned as "agricultural" w/no improvements. Is it normal for a home builder to place a "Mechanic's Lien" on property prior to start of construction? I thought ML's were only placed if there's any unpaid debt. Anyone know for sure?
Also my home builder is requiring the line "Owner and Builder agree that there will be no retainage of funds" be added to the contract. Is this normal. I thought as an owner i should be able to retain 10% funds at end of construction if my builder hasn't paid his subs. Any thoughts?