NJ Construction Bond Questions
Any NJ builders on here that are familiar with how construction bonds work? Trying to figure out if the bond is like an insurance policy or something where the builder puts up all the cash and gets it back as the development is finished. Also need to know if the builder is foreclosed on can they still get the bond money back. Thanks for any help!!
I am satisfy with @rglover548 he define well...[ Edited by JohnLocke on Date 08/27/2009 ]
Thanks for the info - was very helpful!!
So how then do you get started.. by working your way up.. ? but how to get first so you can start working up?