Top Adding - Real Estate

1. Refinance

Maybe you’re in a position where you’re able to refinance and pay off your current loan with a new loan. To be a good candidate for a refinance you should have a substantial amount of equit

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

y in your property (typically a minimum of 25%-30%). And the sooner you refinance (assuming it makes good financial sense) the better. The longer you go without making a payment, the greater the impact on your

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

Examples of combination products may in

credit, and the harder it will be to qualify for a new loan.

2. Sell the Property

Selling the property is another option to stop foreclosure. This is not always a realistic option however since you mus

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

t be able to sell the property fast enough to avoid foreclosure and for a high enough price to pay off the mortgage (and all other cost associated with the sale).

3. Short Sale

Here again, you’re selli

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

ng the property. But in this case you’re selling the property for less than what you actually owe on the property. A “short sale” can only be done with the approval of the lender and typically involves selling

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

Combination pro

to an experienced investor with a thorough knowledge of how a short sale is conducted. If the lender agrees to a “short sale”, it typically requires that the borrower not receive any cash proceeds from the sale

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

.

4. Repayment Plan / AKA Special Forbearance Plan

The repayment plan is an option made available to those who can prove that the reason for their payments being late was a temporary one. If you can in

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

deed prove to the lender that your late payments were the result of a “temporary hardship” that has since been resolved, they may allow you to continue making your regular mortgage payment and add an additiona

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

l dollar amount on top of that each month to make up for the amount you are behind.

5. Loan Modification

A “loan modification” is an agreement with your lender that permanently changes the terms of you

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

r original mortgage agreement (i.e., from ARM to fixed, or from 15 year amortization to 30 year amortization) in order to bring your loan current and make the terms more affordable to you. Most lenders will req

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

uire that you pay a minimum of your past due amount (usually at least 25%) before approving a loan modification.

6. Partial Claim

This is an option only available on FHA insured loans. In simplest term

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

Following aspects would a

s, HUD (Dept. Housing and Urban Development) agrees to make a new loan for the amount you are behind on.. It is currently a zero interest loan (but HUD reserves the right to charge interest in the future). And

dd to the challenges in developing combination products:

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

no principal payments are required to be paid until you pay off your first mortgage or sell the property. This option is not available if your first mortgage is already in the foreclosure process.

7. Deed-i

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

n-Lieu

This is an option where the borrower deeds the property to the lender as full satisfaction for the mortgage amount owed. The lender can refuse to accept a “deed-in-lieu” and often does since they st

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

and to incur certain cost in the form of holding cost, repairs and real estate commissions if they do take the property as settlement for the loan. They are also subject to inherit any potential title problems

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

you may have as well.

Bankruptcy is another option but I hesitate to mention it since it is usually just a temporary “stop gap” measure. More often than not, those who file bankruptcy to stop a foreclosure usu

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

Professional from academic institutions, pharmaceutical industries, health care indust

ally find themselves facing foreclosure again within a short period of time.

Regardless of how you came to be in a potential foreclosure situation, the worst thing you could possibly do in this situation is to

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

“do nothing”.

The end result in such cases is always the same.

The lender follows through with foreclosure proceedings and the property is auctioned off at the courthouse steps. The Sheriff shows up at the 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

ront door with an “eviction notice” and escorts the “previous owner” from the house as all their personal items are removed and put to the curb.

Don’t let that happen to you.

The first step toward stopping fo

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

Companies that provide selfless information through particip

reclosure is to know and understand what your options are. Once known, put a plan into action to remedy the situation in a manner that will do the least amount of damage possible to your credit and your future.

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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