<PAGE>
EXHIBIT 99.4
NOTICE OF GUARANTEED DELIVERY
With Respect to
K. HOVNANIAN ENTERPRISES, INC.
Offer to Exchange
10 1/2% Outstanding Notes due 2007
for 10 1/2% Senior Notes due 2007
that have been registered
under the Securities Act of 1933
This form must be used by a holder of the 10 1/2% Senior Notes due 2007,
guaranteed by the Guarantors (the "Outstanding Notes") of K. Hovnanian
Enterprises, Inc. (the "Issuer") who wishes to tender Outstanding Notes to the
Exchange Agent pursuant to the guaranteed delivery procedures described in "The
Exchange Offer -- Guaranteed Delivery Procedures" of the Prospectus dated [_]
______, 2000 (the "Prospectus") and in Instruction 2 to the Letter of
Transmittal. Any holder who wishes to tender Outstanding Notes pursuant to such
guaranteed delivery procedures must ensure that the Exchange Agent receives this
Notice of Guaranteed Delivery prior to the Expiration Date of the Exchange
Offer. Capitalized terms not defined herein have the meanings ascribed to them
in the Prospectus or the Letter of Transmittal.
To: First Union National Bank, Exchange Agent
<TABLE>
<S> <C> <C>
By Overnight Mail or Courier: By Hand: By Mail:
First Union National Bank First Union National Bank First Union National Bank
Attn: Marsha Rice Attn: Marsha Rice Attn: Marsha Rice
Corporate Trust Operations Reorg Corporate Trust Operations Reorg Corporate Trust Operations Reorg
1525 West W.T. Harris Blvd. 1525 West W.T. Harris Blvd. 1525 West W.T. Harris Blvd.
Charlotte NC 28288-1153 Charlotte NC 28288-1153 Charlotte NC 28288-1153
</TABLE>
By Facsimile Transmission:
(704) 590-7628
Confirm by Telephone:
(704) 590-7413
Information:
(704) 590-7413
Delivery of this notice of guaranteed delivery to an address other than as
set forth above or transmission via a facsimile number other than as set forth
above will not constitute a valid delivery.
Please read the accompanying instructions carefully
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Ladies and Gentlemen:
The undersigned hereby tenders to the Issuer, upon the terms and
subject to the conditions set forth in the Prospectus and the related Letter of
Transmittal, receipt of which is hereby acknowledged, the principal amount of
Outstanding Notes specified below pursuant to the guaranteed delivery procedures
set forth in the Prospectus and in Instruction 2 of the Letter of Transmittal.
The undersigned hereby tenders the principal amount of Outstanding Notes listed
below:
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<CAPTION>
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Certificate Number(s) (if known) Principal Amount Principal Amount
of Outstanding Notes Represented Tendered
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<S> <C> <C>
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</TABLE>
The Depositary Trust Company
(check if Outstanding Notes will be tendered by book-entry transfer)
Account Number: ___________________________________________________________
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SIGN HERE
Name of Holder: ____________________________________________________________
Signature(s): ________________________________________________________________
Name(s) (please print): _____________________________________________________
Address: _____________________________________________________________________
Telephone Number: ____________________________________________________________
Date: ________________________________________________________________________
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<PAGE>
2
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GUARANTEE
(Not to be used for signature guarantee)
The undersigned, a firm which is a member of a registered national securities
exchange or of the National Association of Securities Dealers, Inc., or is a
commercial bank or trust company having an office or correspondent in the United
States, or is otherwise an "eligible guarantor institution" within the meaning
of Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended,
guarantees deposit with the Exchange Agent of the Letter of Transmittal (or
facsimile thereof), together with the Outstanding Notes tendered hereby in
proper form for transfer and any other required documents, all by 5:00 p.m., New
York City time, on the third business day following the Expiration Date.
SIGN HERE
Name of firm: _________________________________________________________________
Authorized Signature: _________________________________________________________
Name (please print): __________________________________________________________
Address: ______________________________________________________________________
_______________________________________________________________________
Telephone Number: _____________________________________________________________
Date: _________________________________________________________________________
DO NOT SEND NOTES WITH THIS FORM. ACTUAL SURRENDER OF NOTES MUST BE
MADE PURSUANT TO, AND BE ACCOMPANIED BY, AN EXECUTED LETTER OF TRANSMITTAL.
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INSTRUCTIONS FOR NOTICE OF GUARANTEED DELIVERY
1. Delivery of this Notice of Guaranteed Delivery. A properly completed
and duly executed copy of this Notice of Guaranteed Delivery and any
other documents required by this Notice of Guaranteed Delivery must be
received by the Exchange Agent at its address set forth herein prior to
the Expiration Date. The method of delivery of this Notice of
Guaranteed Delivery and any other required documents to the Exchange
Agent is at the election and risk of the holder, and the delivery will
be deemed made only when actually received by the Exchange Agent. If
delivery is by mail, registered mail with return receipt requested,
properly insured, is recommended. Instead of delivery by mail, it is
recommended that the holder use an overnight or hand delivery service.
In all cases sufficient time should be allowed to assure timely
delivery. For a description of the guaranteed delivery procedure, see
Instruction 2 of the Letter of Transmittal.
2. Signatures on this Notice of Guaranteed Delivery. If this Notice of
Guaranteed Delivery is signed by the registered holder(s) of the
Outstanding Notes referred to herein, the signatures must correspond
with the name(s) written on the face of the Outstanding Notes without
alteration, enlargement, or any change whatsoever.
If this Notice of Guaranteed Delivery is signed by a person other than the
registered holder(s) of any Outstanding Notes listed, this Notice of Guaranteed
Delivery must be accompanied by appropriate bond powers, signed as the name of
the registered holder(s) appear(s) on the Outstanding Notes.
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3
If this Notice of Guaranteed Delivery is signed by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation, or other
person acting in a fiduciary or representative capacity, such person should so
indicate when signing.
3. Requests for Assistance or Additional Copies. Questions and requests for
assistance and requests for additional copies of the Prospectus may be
directed to the Exchange Agent at the address specified in the Prospectus.
Holders may also contact their broker, dealer, commercial bank, trust
company, or other nominee for assistance concerning the Exchange Offer.
