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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

General Warranty Deed - A deed which conveys not only all the grantors interests in and title to the property to the grantee, but also warrants that if the title is defective or has a "cloud" (mortgage claims, tax liens, title claims, judgments, or mechanics liens) on it the grantee may hold the grantor liable.

GNMA - Also known as "Ginnie Mae." A federally owned corporation formed to invest in mortgages not suitable for Fannie Mae. Administered by the U.S. HUD, Ginnie Mae invests in relatively high-risk mortgages.

GNMA Mortgaged Backed Securities - Securities guaranteed by GNMA and issued primarily by mortgage bankers. The GNMA security is pass-through in nature, and the banker is protected by the full faith and credit of the U.S. Government. It is collateralized by FHA and VA mortgages.

Grant - To bestow or confer, with or without compensation, real or personal property, such as land or money, by one having control or authority over the property.

Grantee - That party in the deed who is the buyer or recipient.

Grantor - That party in the deed who is the seller or giver.

Gross Income - Total dollar amount of all income resources before deductions for taxes, insurance, etc.