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

Real Estate Tips Closing or Settlement >Preparing for the Walk Through When moving out of a house you have lived in for a long time, you may discover years' worth of dust that was previously concealed by your home furnishings. If you don't have the time or energy to clean your house for the new owners, a useful option is to pay a professional to do the job. Before going to the closing table, your buyers will have a last chance to walk through the house and check the appliances, mechanical systems and overall condition to make sure everything is consistent with the sales contract. Even though they really want the house, at this point "buyers' remorse" may be prompting them to look for a reason to call the transaction off. Because an otherwise minor problem or defect can sometimes trigger last-minute cold feet, your best insurance is to make the house look great. Everything should be working properly, and all the agreed-upon repairs should have been made before the buyers arrive to look at the house. You can promote a more relaxed, positive atmosphere for the closing if you take special care in preparing for the walk-through inspection. See All Tips In The "Closing or Settlement" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What is the least affordable metropolitan housing market in the United States? A  California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation. See More Real Estate Trivia >

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Ann Picard Ann Picard Realty Inc. 25042 Perdido Beach Blvd P O Box 1147 Orange Beach AL 36561 251-543-6400 Fax: 251-981-2644 pannpicard@aol.com Ann is originally from the mountains of North Carolina. She has lived on the GulfCoast for many years and has traveled extensively selling resort real estate. She specializes in beach and waterfront condominiums, homes and building lots. Her 25 years of experience and knowledge gives any buyer or seller an edge on the market. Mingle that with integrity, dependability and professionalism and you have the best in listing, selling, renting or management of your property. She is licensed in Alabama, Florida, Mississippi, Hawaii and the US Virgin Islands. NO REALTOR IS MORE COMMITTED AND HAS YOU COVERED BETTER THAN ANN! CALL OR E-MAIL HER TODAY! 251-543-6400 OR pannpicard@aol.com www.gulfcoastcondos4sale.com is brought to you by Ann Picard, real estate for Orange Beach, Gulf Shores and Fort Morgan, Alabama Read Ann Picard's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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