Real Estate Glossary and Terminology

 

[A] [B] [C] [D] [E] [F] [G] [H] [I] [J] [K] [L] [M] [N] [O] [P]

[Q] [R] [S] [T] [U] [V] [W] [X] [Y] [Z]

 

(V)

 

VALID Having force or binding force; legally sufficient and authorized by law.
VALUATION Estimated worth of price:  Estimate, the act of valuing by appraisal.
VENDEE A purchaser;  a buyer.
VENDOR A seller: one who disposes of a thing in consideration of money.
VERIFICATION A sworn statement before a duly qualified officer to the correctness of contents of an instrument.
VESTED Bestowed upon someone; secured by someone, such as title to property.
VOID To have no force or effect; that which is unenforceable.
VOIDABLE That which is capable of being adjudged void, but is not void unless action is taken to make it so.
VOLUNTARY LIEN Any lien is placed on property with the consent, or as a result of the voluntary act of the owner.