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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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Larry Sanders, REALTOR®, real estate agents and broker for Tomball, Cypress and The Woodlands Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Larry Sanders
RE/MAX Platinum

735 E. Main
Tomball, TX 77375
Office: 281-351-8886
Mobile: 281-850-8750
Toll-free: 1-888-751-8886
Fax: 888-213-8104
Email: LarrySanders@TXPlatinumProperties.com

There is no place like “HOME”, and Texas has been home to me for 52 years. I am an Owner/Agent for ReMax Platinum, in Tomball, and I truly believe if you are successful in your community, you must give something back. Texas Youth has always been where my heart is. For years I served as a chairman for the Jr. Quarter Horse Show at the Houston Livestock Show and Rodeo. This Organization awards thousands of scholarships to deserving Students to further their education. Then I found the Children’s Miracle Network. This organization, Connected with Texas Children’s Hospital, aides seriously ill children. In the past I have served on a Panel with the 2001 Miss America, Katie Harmon, and still today I host fundraisers for this life giving organization. In addition, I am a member of the Cade-Rothwell Masonic Lodge and the Knights Templar these organizations contribute to numerous beneficial programs. I will use my strong sense of community, my knowledge and experience, to serve you, as you search for your “HOME”.

ABREqual HousingMLSREALTOR


Children’s Miracle Network, RE/MAX

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