Real Estate Glossary

V

VA Mortgage
A mortgage loan that is guaranteed by the Veterans Administration.

Vendee
The buyer or purchaser of real property under an agreement of sale.

Vendor
The seller of real property in an agreement of sale.

Veterans Administration (VA)
A government agency guaranteeing mortgage loan with no down payment to qualified veterans.

Voluntary Lien
A claim imposed against real property with the consent of the owner (mortgage, vendor's lien).