Feature
Properties
|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 440-248-7313.
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
Patricia Modica
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
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
Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
| See More Real Estate Trivia > |
|
|
|
Patricia Modica
Howard Hanna Smythe Cramer
6240 Som Center Rd.
Solon, OH. 44139
Phone: 440-248-7313
Fax: 440-248-7540
Email: Pat@PatModica.com
Pat specializes in the communities and counties which make up the east side of Cleveland, including the Chagrin Valley area. In addition, Pat’s relocation connections allow her to link clients moving out of northeast Ohio with professional real estate assistance in their new location, as well as assist homebuyers moving into our area find a new community to call home.
Pat has a team of professionals behind her, including her daughter, Jamie Mehl. The team’s number one priority is client satisfaction. They are always just a phone call away and ready to help, removing unnecessary stress from the transaction and making it a smooth and enjoyable process.   
www.PatModica.com is brought to you by
Patricia Modica
NUMBER1EXPERT™ in real estate for
Solon, Twinsburg and Bainbridge, Ohio Read Patricia Modica's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
