Examlex
The affordability ratios used to qualify applicants for FHA and VA loans are more stringent than those used for conventional loans.
Void
Having no legal force or effect; null and totally ineffective.
Breach of Contract
The omission of performing any clause of an agreement, whether written or orally communicated, without a defensible legal excuse.
Payments
The act of transferring money or other valuable consideration from one party to another as a fulfillment of a legal obligation or for the acquisition of goods or services.
Contract
A legally binding agreement between two or more parties, creating obligations that are enforceable by law.
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