Philippine properties

Valid - Voluntary Lien

VALID. Having a binding force; Legally sufficient and authorized by law.

VALUATION. Estimated utility, desirability, worth or price; Estimation, The act of valuing by appraisal.

VERIFICATION. A sworn statement before a duly qualified officer of the correctness of the contents of an instrument.

VESTED. Bestowed.

VOID. To have no force or effect; That which is unenforceable.

VOIDABLE. That which may be voided, but is not void until action is taken to make it so.

VOLUNTARY LIEN. Any lien placed on property with the consent or as a result of the voluntary act of the owner.

 

Posted June 14, 2008 at 9:21 pm
Labels: Real Estate Glossary




 


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