Kara Homes

09/10/06

"At Kara Homes, we've just completed the two most profitable quarters in the history of our company," Karagjozi said. "We've taken advantage of this temporary lull to reevaluate our business plan, streamline our operation and prepare for the market recovery which some experts are predicting will begin either later this year or in the first part of 2007."

http://www.ocobserver.com/apps/pbcs.dll/article?AID=2006609100347

10/5/06

EAST BRUNSWICK: Kara Homes, Inc. one of the state's largest private home builders of condominiums and active-adult communities, is anticipating filing for bankruptcy.

http://www.thnt.com/apps/pbcs.dll/article?AID=/20061005/NEWS/61005001