[Oregon] How to protect against subcontractor liens before issuing final $125k builder payment?
In about a month, my builder will be submitting the final payment request for around $125k to wrap up our build.
Throughout the construction process, I’ve received a lot of preliminary notices (Notices of Right to Lien) from various subcontractors and material suppliers. I understand these aren't actual liens, but legal notices giving them the right to file one if they aren't paid.
I want to ensure I am fully protected before hand over this final $125k check because, as I understand it, even if I pay my builder in full, a subcontractor or supplier can still place a lien on my home if the builder doesn't pay them.
What exact documentation should I request and verify from my builder before making this final payment? Are final unconditional lien waivers from every major sub/supplier the standard here, and how do I ensure no one was left off the list?
Thanks in advance for the advice!