Many of the firms eyeing a listing in Hong Kong are still at the planning stage with their floatations, he said. It usually takes about a year to list over here, compared to at least two years to float on the Japanese exchange, he said.
Second mortgages or land loans) give the lender the right to pursue the homeowner for a deficiency after the foreclosure has taken place (each states laws are different). These are called deficiency rights.
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