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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 Tips
Relocation >Relocation Services

The services of a good real estate agent are especially important when you are moving to a new city. You may know very little about the different neighborhoods or the local market conditions in the new area. An experienced agent can help you explore the possibilities in order to find a great house in your price range.

Give us a call if you are planning a move to a new city. As part of a nationwide relocation network, we can put you in touch with a superb real estate agent who can make house hunting a breeze. They will contact you before you arrive to discuss your housing needs, where you will be working, and what features in a new house and neighborhood meet your criteria. They can send you information about transportation, shopping, and community services that are important to you. When you arrive for your first house hunting trip, the agent will be prepared to show you the best homes for sale in your price range that fit your needs.
     

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Real Estate Trivia
Q 
What was considered the world's tallest building one hundred years ago?

A 
The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
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Peg Maloney, REALTOR®, real estate agent and broker for Omaha, Nebraska home listings, property and land for sale - NUMBER1EXPERT

Peg Maloney
RE/MAX Real Estate Group

9805 Giles Rd
Omaha
Ne 68128
402-598-3965
800-248-6647
402-594-2000
Fax: 402-593-0454
peg@maloney.com

Licensed to sell real estate since 1982, Peg has been selling the entire Omaha metro area, including Papillion, Millard, Bellevue, Ralston, and Offutt Air Force Base. With a proven track record, and references from many satisfied buyers and sellers, Peg gives extraordinary service to families coming to or leaving Omaha. She has become a Certified Residential Specialist, a Certified Relocation Specialist, an Accredited Buyer Representative, and a Seniors Real Estate Specialist. You'll enjoy the process of buying or selling because Peg makes it so easy and fun!

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