Judith L. Brown

Real Estate Professional

 

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V

VA LOAN - A loan made within the Department of Veteran's Affairs guidelines.

VACANCY (VAC) - Units which are not occupied. Lost revenue for vacancy (and bad debts) can be expressed as dollars of lost revenue or a percentage of Gross Scheduled Income or Potential Gross Income.

VARIANCE - A legal allowance to use property in a different way than the zoning would normally allow.

VESTING - The present ownership characteristics, rights and duties of owners or co-owners with respect to each other.

VOID - A contract with no legal significance or validity.

VOIDABLE - A contract that appears valid but is terminable by one party because of circumstances placing that party at a disadvantage.

VOLUNTARY ALIENATION - A willing transfer of property to another by a gift, exchange or sale of the property.





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201 E. Camelback Road Freeway, Phoenix, Arizona 85012  Direct(623) 810-4061 Office(602)274-8322 Fax(602) 274-8357
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