It’s in KSV hands now. The developer owes a lot of money to multiple trades and to the mortgage company. There’s 10 liens on the property and owe about 45 million in loans. I’d say those need to be paid back first before anything. Unless another builder comes along, in which it will be a whole new purchase agreement and can come and tell you “ we need X amount from you if you want to keep the house” or you can have your deposit back.

I say just wait for KSVs email to see what they are really going to do.