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Gift deed
Gift deed A deed in which the consideration is "love and affection." Because the deed is not supported by valuable consideration, the donee (recipient of the gift) may not be able to enforce against the donor certain promises or agreements contained in the deed.
RELATED TERMS--------------------------------------
Deed A signed, written instrument that conveys title to real property.
Consideration Anything of value given to induce someone into entering into a contract.
SIMILAR TERMS--------------------------------------
Gift In the context of mortgage banking, a gift is a bestowal of money that does not have to be repaid, and which is used for a down payment or closing costs.
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Geodesic dome A structure constructed of lightweight bars forming a grid of polygons.
Geographic farming Farming-prospecting an area defined by specific "geographic" boundaries. The best geographic farms are particular subdivisions with similar demographics, such as: the price of homes, the ages of residents, family composition, etc.
Georgian style Popular throughout the 18th century, this type of architecture is distinguished by a symmetrical facade, prominent front entrance and quoins-decorative blocks of masonry or wood set in the corners of the house.
GFE Good faith estimate. A written estimate of expected closing costs that a lender must provide a prospective homebuyer within three days of the homeowner submitting a mortgage loan application.
Gift In the context of mortgage banking, a gift is a bestowal of money that does not have to be repaid, and which is used for a down payment or closing costs.
Gift deed
Gingerbread decoration An intricate, almost lacy, wood trim.
Ginnie Mae Government National Mortgage Association (GNMA)
Girders Crossbeams that support floor joists.
GNMA Government National Mortgage Association
Goal setting A planning tool where agents establish, in writing, exact short-term, intermediate-term and long-term goals.
This dictionary contains 6433 terms. |
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