Answers - Real Estate

An on going trend in the Mortgage Industry, which has truly been around for years is, Developers/Builders/Sellers, crediting back buyers thousands of dollars to purchase thei

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

r properties. This Kickback, money given to a buyer, in this case, for completing a real estate transaction, is paid outside of the transaction leaving no paper trail for inv

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

Examples of combination products may in

stigators to find. Is this considered to be fraudulent? If every cent in any Mortgage loan transaction is not recorded, You Bet Your Ass!

This is considered to be fraud and

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 raises several questions with respect to the transaction as a whole. By the way, a Kickback is an illegal practice as well but that is a whole new topic in and of itself.

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

he HUD, in any mortgage loan transaction must reflect every penny being transferred. If the record dose not reflect one red cent, then a Red Flag goes up. In depressed real e

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

Combination pro

tate markets, and often with FTHB (First Time Home Buyers), Sellers/Builders/Developers can get really creative on making their properties appealling.

An example of this is

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

hen they place their properties in the market to be sold. The properties are listed for X amount of dollars. For this example, we will say $500,000. The interested buyer has

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

he property appraised and his appraiser, appraises the property at $530,000 give or take a few hundreds. The Developer/Builder/Seller has a strong desire to move the properti

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

s so, he sweetens the deal for the buyer and offers to give him/her the $30,000 if he/she applies for a loan $30,000 more than the selling price of the property. The buyer co

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

plies. Hey thirty grand is a lot of money toward decorating the new diggs. The deal is written at an inflated sales price of $530,000. As a FTHB (first time home buyer) or

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

or anyone looking to purchase this property, this added attraction would be hard to turn down. Most people would give this offer a whirl and make this home purchase.

Is this

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

Following aspects would a

illegal? This would be consider as fraudulent. Why? The Fact of the matter would be that this property's original sales price is $500,000. The property would be financed at

dd to the challenges in developing combination products:

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

530,000. This is miss-leading to the lender and it is a lie. It is a total misrepresentation of the value of the property.

For a Lender, the property was listed at X amount

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

f dollars, purchase price, and the amount of the loan to which most if not all lenders will lend, is the exact amount of X. This property transfers at $500,000 in the eyes of

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

a Lender and not a penny more or less.

However, this kind of agreement between Developer/Builder/Seller and Buyer, would not be written in a Purchase Contract. It could neve

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

be written anywhere, for it is considered an illegal practice. Although, it is an on going practice and while some are being brought up on charges for conducting such prac

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

Professional from academic institutions, pharmaceutical industries, health care indust

ices, others are continuing to operate in such a fashion.

One of the obvious reasons for this is the fact that many Developers/Builders/Sellers, have lots of property to sel

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

. Too much property on the books that need to be moved stops him from operating. As with any business, when working capital is tied up, production come to a hault. Develope

.

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

s/Builders/Sellers, have to keep moving. The only way for him to continue to do what a he does is to have the finances available. Move the property buy any means necessary.

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

Companies that provide selfless information through particip

By no means am I claiming to be an expert or an authority on the practices of building, buying and selling Real Estate. I am only making an observation and sharing my opinion

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

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.answers.org.ua/article/148471/answers-DevelopersBuildersSellers-Crediting-Back-Buyers-Thousands-for-Purchase-Is-This-Fraud.html">Developers-Builders-Sellers, Crediting Back Buyers Thousands for Purchase, Is This Fraud?</a>

BB link (for phorums):
[url=http://www.answers.org.ua/article/148471/answers-DevelopersBuildersSellers-Crediting-Back-Buyers-Thousands-for-Purchase-Is-This-Fraud.html]Developers-Builders-Sellers, Crediting Back Buyers Thousands for Purchase, Is This Fraud?[/url]

Is it easy to get a picture published in the media? This is a question I am often asked by companies with a news item they wish to send out as a press release. The quick answer is no it isn't. However, that isn't to say it is impossible.

What is the affiliate marketing’s ultimate goal? The goal is to make a sale. Without making a sale, the affiliate is simply supplying free information to strangers. Therefore, an affiliate should ask for the sale.

Local, Web-Based Marketing CAN Increase Profits, Decrease Expenses and Increase An Existing Customer Base.

Tags

Links

Answers - Developers-Builders-Sellers, Crediting Back Buyers Thousands for Purchase, Is This Fraud?

Related Articles: