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General warranty deed |
A deed in which the grantor warrants title
against all claims, offering the greatest guarantee of protection of any type
of deed, and which is used in most real estate deed transfers of
title |
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Ginnie Mae |
The Government National Mortgage Association
(GNMA), a United States corporation that guarantees privately issued securities
backed by pools of mortgages insured by the Federal Housing Administration, the
Farmers Home Administration, or the Veterans Administration |
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Graduated-payment mortgage
(GPM) |
A flexible-payment mortgage with monthly
principal and interest payments that increase by a certain percentage each year
for a certain number of years, and then level off for the remainder of the
term |
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Grantee |
The person who, by written document, receives
title or an interest in real property from a grantor |
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Grantor |
The person who, by written document, transfers
title to or an interest in real property to a grantee |
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Gross Lease |
The most common of residential leases, whereby
the landlord pays for all property expenses incurred through ownership, such as
taxes, insurance, repairs, etc. |
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Ground Lease |
A long-term lease of land (usually 99 years)
that allows the lessee to build and use the land as agreed in the lease, at the
end of which, the land and any improvements revert to the owner |
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Ground rent |
The payment made for the use of land when the
title to the property is of a leasehold estate, rather than as a fee simple
estate |
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Growing-equity mortgage
(GEM) |
A fixed-rate loan for which the monthly payments
increase over a designated period of time, with the increased amount of the
monthly payment being applied directly to the principal balance, thereby
shortening the term of the loan |
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Guarantee mortgage, or Insured
mortgage |
A mortgage that is guaranteed against default by
a third party (such as the FHA), and for which the borrower must pay an
insurance premium |
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Guardian |
An individual designated by the Court to protect
and preserve the property of someone who is not able to manage his or her own
affairs See "Conservator" |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
| Q |
The upper walls of what famous holy temple are lined with gold?
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| A |
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs. |
See More Real Estate Trivia > |
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Diana Dedwylder RE/MAX Pinnacle Group Realtors 1241 W Green Oaks Blvd. Arlington, TX. 76013 Phone: 817 299-1033 Fax: 817 460-3903 Email: DianaDedwylder@NUMBER1EXPERT.com
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Credibility:
· Over 1500 Homes Sold One at a Time
· Over 17 Million Closed in 2002 Ranking Top 1% in the USA
· Inducted into the Remax International “Hall of Fame”
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· 30 Years of Market Knowledge
· Graduate of Real Estate Training Institute, Prudential Mgmt Training, Century 21 Real Estate Training, Henry S. Miller Training, Certified Residential Specialist “less than 2% of agents Nationwide have this certification”
· Proud Sponsor of the Childrens Miracle Network
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Although there is a wealth of knowledge at www.YourDFWAgent.com put our team to work directly! We want to speak with you.
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