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Valid

          Having binding force; legally sufficient and authorized by law.

Valuation

          The estimated worth of property.

Variable Rate Mortgage

          Mortgage in which interest rate will fluctuate depending on terms of mortgage.

Variance

          Permission obtained from zoning authorities permitting the construction of a building or structure that             is forbidden by present zoning ordinances; a departure from the current zoning regulation.

Vendee

          The purchaser; buyer.

Vendor

          The seller.

Venue

          The geographic area in which a court has legal jurisdiction.

Verify

          To confirm or substantiate by oath.

Vested Interest

          A present right or title to realty, but with possession delayed to some uncertain time in the future.

Veterans Administration (VA)

          Also, Department of Veterans Affairs (DVA).  An agency of the Federal Government, whose activities           include guaranteed repayment of certain loans in the event of default.

Void

          To have no force or effect; that which is unenforceable.

Voidable

          That which is capable of being adjudged void, but is not void unless action is taken to make it so.                 Able to be voided.

Voluntary Lien

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

Waive

          To relinquish, or abandon; the abandonment of some claim or right.

Warranty Deed

          A deed in which the grantor fully warrants a good clear title to the property; a deed that contains                     covenants of title.

Waste

          Improper use or damage by one in possession such as tenant or vendee.

Wrap-around Mortgage

          A method of financing in which a new mortgage is placed in a secondary position; an all-inclusive                 mortgage.

Writ of Execution

          A writ or court order authorizing and directing an officer of the court to carry out the judgment or                     decree of the court.

Yield

          The return on an investment; the amount of profit made as a   percentage of the amount invested.

Zone

          An area set aside for specific use, subject to certain restrictions or restraints; also part of tax map                 description.

Zoning

          An act of the city or county authorities by exercise of police power in regulating, controlling or                       specifying the type of use to which the property may be put in specific ares.

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Hilo Office
421 Kalanikoa St. #204
Hilo, HI 96720

Phone: (808) 238-0008
​Fax: (808) 238-0038
Pahoa Branch
15-2662 Pahoa Village Rd. #307
​Pahoa, HI 96778

​Phone: (808) 965-9903
​Fax: (808) 965-9916


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