Glossary of terms used on this site
There are 149 entries in this glossary.G
| Term | Definition |
|---|---|
| Good Faith 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." Also known as a Mortgage Savings Clause. |
| Good Faith Purchaser |
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. |
| Grantee |
The Buyer, Purchaser or person to whom the property is transferred in a Deed. |
| Granter |
The Seller or person from whom the property is transferred in a Deed. |
| Guardian |
A person appointed by a court to manage the person and/or property of one whom is legally incompetent to handle his/her own affairs. |