Actual - Real Estate

Lenders continue to tighten up on guidelines and many Mortgage professionals are finding it harder and harder to earn a living. Home values have dropped in many markets and

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

do to a soft market those home owners looking to refinance their properties are facing some serious challenges. The value just isn't there in many places. Appraisers are n

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ot finding the values in properties that they were seeing just six months ago. Comps are hard to come by do to the fact that the sales of properties within an X mile radius

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

are down, way down, which leaves an Appraiser with a slim list of comparable properties to make an informed and fair value assessment on a particular property.

When this oc

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

curs some Appraisers tend to walk the line. Values hikes! Some Appraiser will raise the value on properties in order to please a loan officer who is trying to provide the

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

est service to his client. This also is a fine line. Many Mortgage professionals put a tremendous amount of pressure on Appraisers. They want the Appraiser to bend the line

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

on true value. He's asked in many case to go against his own ethics and guidelines, sometimes even threatened to bring in the value for the sake of earning a living. Apprais

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ers are being asked to raise the appraised amount on a property so that the appraised value meets a lender requirements when it comes to the LTV in a mortgage transaction. A

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ppraisers have a tough time finding loyal loan professional to keep them busy and earning a decent living. Some Loan professional have been known to tell the Appraiser the

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

exact value to which is needed to please a lenders underwriters. This is illegal!

Inflated Value on property Appraisal can cause some serious problems in the future for ho

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

e owners, Mortgage Lenders,Investors, Buyers and many others. This causes a healthy market to turn into a market filled with negatives, such as foreclosures, slowing sales a

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

nd struggling Real Estate professionals who really try to provide their clients with great service. Many lenders who may have gone along with these inflated values in the

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

past for the sake of the bottom line, making money, are giving property appraisal a second look, a second opinion on the appraisals submitted to their house by mortgage bro

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

kers and the like.

Many of these submissions by mortgage brokers past the value requirement of many lenders with flying colors not too long ago. Today this is not the case.

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

With lender practices being investigated, many have began to cover their hides by tightening up on their guidelines. They have now placed a second guard at the gate. Loan

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

rofessionals are feeling the effect of having loan submissions rejected more and more often.

There is no reason to point a finger at any one party. All are responsible for

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

an unhealthy market as one entity can not exist without the other. Real Estate professionals on the whole need each other to survive. Lenders need Broker, Brokers need Loan

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Officers, Loan Officers need Real Estate Agents and many others who make the business for Real Estate what it is. People need to buy and sale real estate.

Every business, f

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

or the sake of meeting the bottom line, walks a fine line in one area or another to survive and to make profits. Business is business as it should be, but when the clientele

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

is affected negatively, that line has to be made wider to better serve the customers who are just trying to live, as we all are, just trying to live our best life.

C Rucke

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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