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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"
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Robert Lindsay - Licensed Real Estate Agent Coldwell Banker Residential Brokerage 1410 Valley Road Wayne, NJ. 07470 Office: 973-694-8000 x175 Direct: 973-692-3535 Voice Pager: 973-806-3319 Fax: 973-694-4983 Email: info@BobLindsay.net
Robert Lindsay...Energy & Experience serving the Wayne area along with most of Passaic & Morris County. Bob has been recognized as one of North Jersey's Top Producers since he entered the business in 1976. The Number One Agent in Coldwell Banker's Wayne Office each year since he joined the company, he is a Platinum Level Award Winner of the NJAR Circle of Excellence signifying annual sales in excess of $25,000,000. He is a member of Coldwell Banker's International President's Elite, which is comprised of the top one percent of the company's sales force nationwide. Call or email Bob today for a confidential real estate consultation. He and his Team of agents can bring a level of competence, experience, and professionalism to your real estate experience that is unmatched in the Wayne area.
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