VA Vendee Loan definition
VA Vendee Loan. A purchase money mortgage loan made by VA in connection with the sale of a property that it has acquired (a) from a private lender pursuant to its obligations under the VA Loan Guaranty Program for Veterans upon termination of a residential mortgage loan made to a veteran borrower under one of VA’s loan guaranty programs and (b) as result of its enforcement of the security instrument covering a property securing a VA Vendee Loan after default by the borrower thereunder.
VA Vendee Loan means a Loan which is originated pursuant to the VA Vendee Loan Program.
Examples of VA Vendee Loan in a sentence
Notwithstanding any provision herein to the contrary, the parties agree that nothing in this Registration Rights Agreement will be construed as giving any Person or other entity, other than the parties hereto and their successors and permitted assigns, any right, remedy or claim under or with respect to this Registration Rights Agreement.