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There are 8 entries in the definition.
Pages: 1
Term Definition
General Warranty DeedA deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a "cloud" on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.
 
Ginnie MaeGovernment National Mortgage Association (also GNMA) is a wholly-owned United States corporation that guarantees privately issued securities backed by pools of mortgages insured by FHA (Federal Housing Administration), FMHA (Farmers Home Administration) or VA (Veterans Administration).
 
Good Faith Purchaser or MortgageeA person who buys or lends in good faith, that is, without knowledge of fraudulent circumstances, or reason to inquire further, where value is paid or lent.
 
Graduated Payment MortgageA loan in which monthly payments are relatively small in the beginning and gradually increase in dollar amount over the life of the mortgage.
 
GrantTo transfer an interest in real property, either the fee simple or a lesser interest, such as an easement. A transfer of real estate from a sovereign is accomplished by patent or royal decree.
 
GranteeThat party in the deed who is the buyer or recipient.
 
GrantorThat party in the deed who is the seller or giver.
 
GuardianA person appointed by a court to manage the person and/or property of one who is legally incompetent to handle his/her own affairs. 
 


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