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Encyclopaedia - A Simple Plan For Community Development vs. Unintended Consequences
The close of 2006 did not go according to plan. While community development is certainly a fundamental objective of our investment activities, this year’s events have “awakened the sleeper”!
Over the years we have witnessed the dismal results of most major cities and their inner city development challenges. The inability to change the “urban blight” that is so pervasive
Over the years we have witnessed the dismal results of most major cities and their inner city development challenges. The inability to change the “urban blight” that is so pervasive
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
in our cities to “urban renewal” is no accident. I can’t be sure this is the result of some insidious plan, bad luck, poor planning, or the effects of the “law of unintended consequences. Regardless of which, it is no accident.
In my role as a private lender, many of my borrowers have spent the major part of this year listening to many variations of the same story from
In my role as a private lender, many of my borrowers have spent the major part of this year listening to many variations of the same story from
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
conventional lenders. The basic story is the conventional mortgage lenders have become victims of their own marketing and exuberance. The easily attainable low-down payment and nothing down mortgages in conjunction with the lowest mortgage rates in many years has finally reached its tipping point.
Let’s also include the negative impact of mortgage fraud. Inflated appra
Let’s also include the negative impact of mortgage fraud. Inflated appra
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
isals, straw buyers, and unscrupulous real estate professionals collaborated in fraudulent transactions that cost lenders all over America millions of dollars in loan losses.
Unfortunately the customary response by the banking and mortgage lending industry to the needed market correction is an “over-correction”. The term “over-correction” is appropriate because it cause
Unfortunately the customary response by the banking and mortgage lending industry to the needed market correction is an “over-correction”. The term “over-correction” is appropriate because it cause
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
s what I am sure are unintended consequences.
Here is an example of unintended consequences. Before a private or hard money loan is granted, due diligence is conducted. A part of the due diligence is a credit report on the borrower and an appraisal on the property. Our properties have a maximum Loan To Value ratio of 70% of the After Repaired Value (ARV). We have an equ
Here is an example of unintended consequences. Before a private or hard money loan is granted, due diligence is conducted. A part of the due diligence is a credit report on the borrower and an appraisal on the property. Our properties have a maximum Loan To Value ratio of 70% of the After Repaired Value (ARV). We have an equ
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ity cushion of at least 30% on each property. If a borrower defaults this represents a relatively safe position for us because we can sell the property at a discount and still recover our investment.
When a borrower is ready to refinance the rehabilitated property he or she must get another appraisal done. The second appraisal confirms the values resulting from the impr
When a borrower is ready to refinance the rehabilitated property he or she must get another appraisal done. The second appraisal confirms the values resulting from the impr
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
ovements scheduled in the first appraisal. These appraisals cost between $300 and $400 each in most cases!
Here is where it gets really interesting. During the refinancing underwriting process lenders frequently conduct an “appraisal review”. This is done to confirm the value of the property. After all there has been mortgage fraud that has inflated some of the property
Here is where it gets really interesting. During the refinancing underwriting process lenders frequently conduct an “appraisal review”. This is done to confirm the value of the property. After all there has been mortgage fraud that has inflated some of the property
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
values in the area. If fraudulently inflated properties were used as comparable sales in the appraisal, it is disqualified and replaced with a more current candidate property.
If the area in question is a “farm area” for property rehabilitation, there is a very strong probability the sale price for the replacement property will be significantly less than the actual valu
If the area in question is a “farm area” for property rehabilitation, there is a very strong probability the sale price for the replacement property will be significantly less than the actual valu
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e of the rehabilitated property being refinanced. When that happens, the value does not appear to be there for refinancing even though the property has been dramatically improved over the rest of the neighborhood! That is an unintended consequence.
When the borrower cannot refinance the property, he or she may have to be foreclosed upon for defaulting on their loan. The
When the borrower cannot refinance the property, he or she may have to be foreclosed upon for defaulting on their loan. 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
y may have to arrange for a note modification or some other alternative. The point is they have to change their original plans. That is an unintended consequence.
The arbitrary change in valuation by the refinance lender also impacts the private lender or hard moneylender. Even though they did all of the things they routinely do to confirm the value of the property, the
The arbitrary change in valuation by the refinance lender also impacts the private lender or hard moneylender. Even though they did all of the things they routinely do to confirm the value of the property, the
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
lender’s decision puts their investments in jeopardy by severely reducing the amount of money the property can be financed for. That is an unintended consequence.
Now here’s the real kicker. The house, neighborhood, and zip code are all red flagged by the lenders. This becomes an area they are not willing to make loans in. Because they are not willing to make loans (du
Now here’s the real kicker. The house, neighborhood, and zip code are all red flagged by the lenders. This becomes an area they are not willing to make loans in. Because they are not willing to make loans (du
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
e to extenuating circumstances), we continue to see “urban blight” instead of “urban renewal”. That of course is an unintended consequence.
It is these actions by conventional lenders and timing that determine whether a community will be converted by “community development”, “eminent domain”, or “gentrification”.
I would be remiss if I didn’t mention the recent decisio
It is these actions by conventional lenders and timing that determine whether a community will be converted by “community development”, “eminent domain”, or “gentrification”.
I would be remiss if I didn’t mention the recent decisio
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ns made by the Department of Housing and Urban Development. Their Special Housing Department (Formerly Section 8) has made dramatic changes to their expectations and qualifications for tenant housing.
The very neighborhoods that have represented the needed transitional housing for tenants no longer fulfill the needs of the department. Many of these neighborhoods no long
The very neighborhoods that have represented the needed transitional housing for tenants no longer fulfill the needs of the department. Many of these neighborhoods no long
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
er qualify for the program. If they do qualify, the new qualification guidelines result in loan payment penalties for the landlords participating in the program. These penalties, which represent the lowest possible rents on the Fair Market Rent scale, combined with the quarterly inspections by the Housing Authorities create a very contentious and unprofitable environmen
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
for landlords.
If the inner city neighborhoods are no longer acceptable to the Housing Authorities, guess which areas are acceptable. How about the suburbs? Your neighborhood is more than likely very acceptable. These suburban neighborhoods and their newer more expensive homes much more easily qualify for the top rental dollars on the Fair Market Rent scales. Condos,
If the inner city neighborhoods are no longer acceptable to the Housing Authorities, guess which areas are acceptable. How about the suburbs? Your neighborhood is more than likely very acceptable. These suburban neighborhoods and their newer more expensive homes much more easily qualify for the top rental dollars on the Fair Market Rent scales. Condos,
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
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
townhouses, and single-family residences fit the plan perfectly.
Consistent with these moves is a very noticeable change in the culture of the neighborhoods. Since each neighborhood is unique, we will let you determine what changes may have taken place in your area.
While you consider those changes don’t forget the Department of Immigration and Naturalization. We actua
Consistent with these moves is a very noticeable change in the culture of the neighborhoods. Since each neighborhood is unique, we will let you determine what changes may have taken place in your area.
While you consider those changes don’t forget the Department of Immigration and Naturalization. We actua
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
lly have no idea how many illegal immigrants there are in the United States. A recent TV news story covered some of the cultural differences that are clearly visible in our neighborhoods. Things are constantly changing, though not always for the best.
All of this speaks to more unintended consequences. The inner cities continue to suffer, the suburbs are under attack, a
All of this speaks to more unintended consequences. The inner cities continue to suffer, the suburbs are under attack, a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
nd no one sees the importance of securing our borders. Mortgage rates are lower than they have been recently and foreclosures are higher than they have ever been.
Here are a couple of very appropriate sayings. “If you want to keep getting what you’re getting, just keep doing what you’re doing”. “Insanity is doing the same thing you have always done and expecting diff
Here are a couple of very appropriate sayings. “If you want to keep getting what you’re getting, just keep doing what you’re doing”. “Insanity is doing the same thing you have always done and expecting diff
.
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
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
erent results.”
Obviously it is time for change. There is another alternative on the financial landscape. This strategy can provide alternatives and opportunities conventional mortgage lenders cannot or will not make available to you. To find out more about this new financial strategy and the investment opportunities it represents, just visit our web site: www.Cash-Now-
Obviously it is time for change. There is another alternative on the financial landscape. This strategy can provide alternatives and opportunities conventional mortgage lenders cannot or will not make available to you. To find out more about this new financial strategy and the investment opportunities it represents, just visit our web site: www.Cash-Now-
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
Seller-Financing.com
There you will discover critical components to a very simple plan for community development. We provide 21st century solutions to 21st century problems. You may also discover ways and means to employ “cause and effect” with strategies and tactics that will encourage “community development” and discourage the need for gentrification or eminent domain
There you will discover critical components to a very simple plan for community development. We provide 21st century solutions to 21st century problems. You may also discover ways and means to employ “cause and effect” with strategies and tactics that will encourage “community development” and discourage the need for gentrification or eminent domain
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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