Real Estate Glossary V

Click on the beginning letter of the real estate term to find the definition.

A B C D E F G H I J L M N O P Q R S T U W Y

Valuation: Estimated worth or price. The act of valuing by appraisal.

Vendee: A buyer.

Vendee's Lien: A lien against real property under a land contract to secure a deposit paid by a purchaser.

Vendor: A seller.

Void: 1. Having no legal effect; null. 2. To have an instrument or transaction declared void.

Voidable: That which is capable of being adjudged void, but is not void unless action is taken to make it so.

Voluntary Lien: A lien intentionally put on real property by the owner.