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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" |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
|
| A |
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
 See More Real Estate Trivia > |
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John Beshk, Designated
Broker
The Beshk Group, Inc.
1409 W. Crystal Spring
Dr.
Gilbert, AZ 85233
Chandler Branch
908 W. Chandler Blvd., Suite
2, Bldg D.
Chandler, AZ 85225
Mesa Branch
1355 N. Greenfield Rd.
Mesa, AZ
85205
Office:
480-214-5347
Direct: 602-309-8888
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480-926-7308
Email: John@TheBeshkGroup.com
John Beshk has been
assisting Arizona home buyers and sellers with their real estate needs since
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home ownership. Every buyer and seller has different wants and needs, which
makes finding an experienced professional like John and The Beshk Group, Inc. a
necessity. John and his team of professionals can provide you with the
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John is certified by
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provide pre-licensing, appraisal and continuing education instruction for real
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and available at Mesa Community College.
John earned his Bachelor of
Science in Finance from DePaul University and Master of Business Administration
from the University of Phoenix. John has resided in the East Valley since 1986
and currently lives in Gilbert with his wife, Mickie.
John is the
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