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Coldwell Banker Weir Manuel - Bringing Luxury Home


Coldwell Banker Weir Manuel
Bringing Luxury Home
1205 W University Dr
Rochester, MI 48307


Real Estate Glossary

   
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GABLE ROOF:

A steeply angled, triangular roof.


GALVANIZED PIPE:

Iron pipe with a galvanized (zinc) coating.


GAMBREL ROOF:

A ''barn-like'' roof, where the upper portion of the roof is less-steeply angled than the lower part.


GENERAL LIEN:

A broad-based claim against several properties owned by a defaulting party.


GEORGIAN:

A classic, English-style hose characterized by simple rectangular shape and multiple stories.


GFI:

Ground Fault Interrupter. A type of circuit breaker required in areas where water is present.


GINNIE MAE:

A wholly owned corporation created in 1968 within the U.S. Department of Housing and Urban Development to serve low-to moderate-income homebuyers.


GIRDER:

A main supporting beam.


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.


GOVERNMENT MORTGAGE:

Any mortgage insured by a government agency, such as the FHA or VA.


GRADE:

The slope of land around a building. Also ground level.


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.


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:

Any person who is given ownership of a piece of property.


Grantee::

See Deed.


GRANTOR:

Any person who gives away ownership of a piece of property.


Grantor::

See Deed.


GROSS AREA:

The sum total of all floor space, including areas such as stairways and closet space. Often measured based on external wall lengths.


GROUTING:

Material used around ceramic tile.


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.


GUTTER:

The trough around the edge of the roof that catches and diverts rain.



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