TWO questions are not "many"!
"Loans" are NOT "liens".
Liens are put on a property when loan payments are not timely repaid and are in default.
You have opinions on many topics you are not qualified to speak on... including law. A question is not libelous, and the truth is an absolute defense to a "claim" of libel.
You have asked MANY questions about this development in the past months, and have received answers from agents (including myself) who know about this development and what's going on.
Curious why you persist in asking questions that border on libelous on a public forum instead of just asking the question directly of the listing broker?
Just as an aside, it was my understanding that when a development such as this is built, typically the builder takes out loans (liens) for all aspects of the project, then as each unit sells, a portion of the loans (liens) is paid to the contractors on a pro rata basis. I could be wrong, but that was my understanding from speaking to builders I know.
This runs counter to builder's assertion delays are due entirely to conditions outside the builders control. The Borough of Metuchen didn't prevent the builder from paying contractors for their work.
Did the builder pick ALL bad subcontractors or is the builder trying to use the contractors money to finish the project?