Real Estate City Glossary

Real Estate City Glossary V
(Variable Interest Rate - Voluntary Lien)

A1 | A2 | A3 | A4 | B1 | B2 | B3 | C1 | C2 | C3 | D1 | D2 | E1 | E2 | F1 | F2 | F3 |
G1 | G2 | H1 | H2 | I1 | I2 | J | K | L1 | L2 | L3 | M1 | M2 | M3 | N | O1 | O2
| P1 | P2 | Q | R1 | R2 | S1 | S2 | T1 | T2 | U | V1 | V2 | W1 | W2 | X | Y | Z

Variable Interest Rate
Loan rate that changes based on fluctuations in the rate paid on Treasury bills or bank certificates of deposit.

Variable Rate Mortgage (VRM)
A loan with an interest rate that adjusts with the changes in rates paid on Treasury bills or bank certificates of deposit.

Vendee
A buyer of real property.

Vendee's Lien
Legal right of a purchaser of a piece of real estate to the paid purchase price plus direct costs of acquisition, if the seller fails to render the deed to the property.

Vendor
A seller of real estate or other products.

Vendor's Lien
The seller's claim to property held by a buyer as collateral for a debt, also called a purchase money mortgage.

Vicarious Liability
The responsibility of one person for the acts of another.

Visual Right
Occupant's right to see out of a window without being hindered.

Void
Having no force or effect.

Voluntary Lien
Lien that a homeowner gives, willingly, to a lender, such as a mortgage.