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Real Estate Glossary

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Results for G:

Good Faith or Mortgage Savings CLAUS

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.


Grantee:

See Deed.


Grantor:

See Deed.


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.


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