Loan Approval

Your final loan approval is subject verification of credit, employment, income, down payment, assets, liabilities, and required documentation.

The names(s) of the prospective buyer(s) listed on the bank statements(s) or loan application must match the names(s) the persons(s) who will sign the Joint Purchase Agreement and Escrow Instructions ("Purchase Agreement").

Each qualified buyer(s) will be eligible to purchase only one home (owner occupied). Any duplication of names or attempt to assign or exchange places with others on the priority list will immediately disqualify and remove you from the priority list.

When Castle & Cooke Mortgage, LLC receives and approves your completed loan application and verification of funds, you will be placed on our priority list. Your priority will depend largely on the order in which we receive notification from Castle & Cooke Mortgage, LLC; so the faster you send in the document, the sooner your name will be added to the priority list.

Important notes on fairness, clarity, deposits and keeping your name on the priority list:

1. Priority Numbers
   A variety of factors are considered in assigning priority list positions, including a buyer's ability to close escrow and whether a buyer is "contingent" (must sell or refinance another property to have sufficient funds to close escrow) or "non-contingent".
2. Presales
   Castle & Cooke Alberhill Ranch, LLC reserves the right to sell homes to our employees and affiliates prior to and instead of any person whose name appears on the priority list, so some of the homes in any sales release may have been pre-sold.
3. Attending Phase Releases
   If your name is called, you must deliver a deposit check (see deposit amounts below) at that time to be eligible to enter into a purchase agreement. If you are unable to select a home at a phase release or prefer to wait for a future phase, you may remain on the priority list by attending the phase release and notifying a sales representative. If you cannot attend, you must send a representative to select a home or express your preference to wait for a future phase. Ask a sales representative for details.
   

   Community Saltillo Capella Ashbury Capri Sommerset

   Deposit Amount $ 3,000 $ 4,000 $3,000 $3,000 $3,000

4. No Guarantee Of Home Purchase
   Being on the priority list does not guarantee that you will be able to purchase the home you want. The priority list merely allows us to schedule appointments to write purchase agreements in an orderly manner. Even if a sales agent indicates you will be able to purchase a home, until you fully execute the purchase agreement and related documents, there is no valid contract to purchase a home.
5. No Notification
   Castle & Cooke Alberhill Ranch, LLC has no duty to notify you of your position on the priority list or to notify you about future sales release dates. It is your responsibility to keep informed about future sales release dates and times by checking with your Sales Representative.
6. Removal From Priority List
   Once you reserve a home, your name will be removed from the priority list. Your name will also be removed if you violate these guidelines. Should you reserve a home and later wish to change your selection, you will be added to the bottom of the current priority list.
7. Post-Priority List Sales
   Homes still available after the priority list has been exhausted will be sold on first-come, first-serve basis at the sales office.