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VA loan
A mortgage loan on approved property made to a qualified veteran by an authorized lender and guaranteed by the Department of Veterans Affairs in order to limit the lender's possible loss.
Permission obtained from zoning authorities to build a structure or conduct a use that is expressly prohibited by the current zoning laws; an exception from the zoning ordinances.
Veterans Administration (VA)
A government agency guaranteeing mortgage loans with no down payment to qualified veterans.
voidable contract
A contract that seems to be valid on the surface but may be rejected or disaffirmed by one or both of the parties.
void contract
A contract that has no legal force or effect because it does not meet the essential elements of a contract.
voluntary lien
A lien placed on property with the knowledge and consent of the property owner.