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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 famous final airport scene in the 1942 classic "Casablanca" filmed?

A 
The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport.
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Deb Chabot, REALTOR®, real estate agent and broker for Storrs, Mansfield and Willington, Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Deb Chabot
RE/MAX East of the River

1182 Storrs Road
Storrs, CT. 06268
Direct Phone: 860-428-9827
Home Office: 860-487-0267
Fax: 860-487-3979
Office Phone : 860-429-3973 X108
Email: DebChabot@DebChabot.com

Deb Chabot is a Real Estate Broker working in the Storrs Uconn area. She has been listing and selling homes in and around this area for the past 25 years. Deb works at Remax East of the River in Storrs. She has been a consistent top producing agent. She is extremely knowledgeable about this area and has received many real estate related awards. The Greater Hartford Board of Realtors has honored her with the Premier Producer award numerous times for outstanding sales. This award is given to agents in the top 1% of sales in the state.

Deb's many interests include horticulture, her extensive exotic gardens and water garden, her pets, theatre and the arts. Over the years Deb and her daughter, Raechel, have been actively involved with the Fidelco Guide Dog Foudation. They have raised and trained 7 German Shepherd Guide Dog Puppies to date and one Labrador Retriever for Guiding Eyes in New York. Many of these dogs are now working Guide Dogs all over New England.


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