If your short sale involved a VA-backed mortgage, the portion of your VA entitlement utilized on that loan will be inaccessible moving forward. But you may have enough remaining entitlement â also known as second-tier entitlement â to purchase again without the need of a down payment.
PRIVILEGE, rights. This word, taken its active sense, is a particular law, or a particular disposition of the law, which grants certain special prerogatives to some persons, contrary to common right. In its passive sense, it is the same prerogative granted by the same particular law.
Executive privilege refers to the legal doctrine that permits the president and members of the executive branch to withhold information from the legislative and judicial branches. Executive trade secrets. But we aren't allowed to know that either, thanks to the broad and ever-expanding doctrine of executive privilege.