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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

G

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

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

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

Grantee

The person who, by written document, receives title or an interest in real property from a grantor

Grantor

The person who, by written document, transfers title to or an interest in real property to a grantee

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.

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

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

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

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

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"

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
Q 
Where was the actual location of the fictional Genovian Consulate in the 2001 Disney comedy, "The Princess Diaries"?

A 
The historic Doheny mansion, located on the campus of Mount St. Mary's College, near downtown Los Angeles.
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Steve and Nancy Evans, REALTOR®, real estate agents and broker for Salt Lake City, Ogden and Layton, Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve and Nancy Evans
Keller Williams Success Realty

1725 E. 1450 S., Suite 220
Clearfield, UT 84015
Phone: 801-510-5000
Fax: 866-409-5945
Email: steveevans@number1expert.com

When you are buying or selling property in today´s real estate market, it´s important to have confidence in your real estate professionals. Our commitment as your local REALTOR? is to provide you with the specialized real estate service you deserve. When you are an informed buyer or seller, you´ll make the best decisions for the most important purchase or sale in your lifetime. That´s why our goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future. As local area experts with knowledge of the communities, our objective is to work diligently to assist you in meeting your real estate goals. If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don´t hesitate to call or e-mail us. Thank you for visiting our website - please consider it as your online source for local real estate information, and return often for the latest property listing updates.

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