Gus wrote:I personally know folks who have suffered from issues where builder takes money and then puts this one on hold, and gets busy with another project.
are you going to say oops...greedy guys tut tut..buyer beware
So we are still doing badly written laws, that are open to interpretation and based on anecdotes I see. How in heaven name is this bank account thing going to be enforced. India has been doing stuff like this for donkeys years, over the protestations of folks like me, with little to show for it. Nothing will come of this either. Waste of time and effort and money.
And yes you should visit your construction site to inspect progress before you pay further, if you want to act as the financier. To fail to do the simple due diligence of visiting your project and then claiming the milk is spilt is pointless.
And also yes, sometimes it is best to cut your losses and walk away. Life moves on. Priorities change. Chalk it up to lessons learned. I just had the misfortune of doing this.