Monday, July 12, 2010

The A-Z of Escrow: V

Vesting: The names, status and manner in which title of ownership is held with a fixed or determinable interest in a particular parcel of real property.

Voidable Contract: A contract that may seem to be valid, but can be rejected by either one of the parties.

Voluntary Lien: A lien that a homeowner willingly gives to a lender.

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