Las Vegas real estate home page
VA mortgage
|
A mortgage that is guaranteed by the Department of Veterans
Affairs (VA). Also known as a government mortgage. |
vacancy rate
|
The calculation of the percentage of all available rental
units in a particular area that are not occupied. |
vacation home
|
An occasional-use property, often in a resort area (like Las
Vegas), which may be rented out by the owner to other vacationers
while not in use by the owner. |
variance
|
An indulgence granted by a local zoning commission or
authority to allow a non-conforming use of a property to
continue. The zoning bylaw or ordinance is actually amended as it
pertains to the particular property. |
vested
|
Having the right to use a portion of a fund such as an
individual retirement fund. For example, individuals who are 100
percent vested can withdraw all of the funds that are set aside
for them in a retirement fund. However, taxes may be due on any
funds that are actually withdrawn. |
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; also that portion of a title report or policy
setting forth the above. |
Veterans Affairs (VA)
|
An agency of the federal government that guarantees
residential mortgages made to eligible veterans of the military
services. The guarantee protects the lender against loss and thus
encourages lenders to make mortgages to veterans. |
