Property and real estate glossary
There are 150 entries in this glossary.G
| Term | Definition |
|---|---|
| GOOD FAITH OR MORTGAGE SAVINGS clause |
A clause in CC & R's which provides that " a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value." |
| GOOD FAITH PURCHASER OR MORTGAGEE |
A person who buys or lends in good faith, that is, without notice of any existing problem, where value is paid or lent. |
| GRANT |
A transfer of real estate, between individuals, by deed. A transfer of real estate from a sovereign is accomplished by patent or royal decree. |
| GRANT DEED |
One of the many types of deeds used to transfer real property. Contains warranties against prior conveyances or encumbrances. When title insurance is purchased, warranties in a deed are of little practical significance. |
| GUARDIAN |
A person appointed by a court to manage the person and/or property of one who is legally incompetent to handle his/her own affairs. |