Dictionary

Good Faith Estimate (gfe)

Definition:   A preliminary accounting of expected closing costs. Pronunciation: Used in a Sentence:   The good faith estimate detailed all of the costs we would incur upon closing on the property....

Good Faith

Definition:   a party’s honest intent to transact business, free from any intent to defraud the other party. Pronunciation: Used in a Sentence:   The potential buyer submitted a good faith offer...

Good Consideration

Definition:  a promise that cannot be measured in terms of money, such as love and affection Pronunciation: \kən-ˌsi-də-ˈrā-shən\ Used in a Sentence:  

Going-concern Value

Definition: the value of an established business property compared with the value and assets of a concern whose business is not yet established. Pronunciation: Used in a Sentence:   The restaurant had...

Ginnie Mae

Definition:  A federal agency that is part of the Department of Housing and Urban Development (HUD).  Ginnie Mae provides low-cost mortgages to traditionally underserved sectors of the housing market. Pronunciation:...

General Warranty Deed

Definition:  an instrument of conveyance containing the strongest and most comprehensive promises of further assurance for a seller to convey to a buyer. Pronunciation:  \ˈjen-rəl, ˈje-nə-\ \ˈwȯr-ən-tē, ˈwär-\\ˈdēd\ Used in a Sentence: ...