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You will find this Glossary useful in understanding words or terms used in Real Estate transactions. However, there are some factors that may affect the following definitions:
1. Terms are defined as commonly understood in the mortgage and real estate industry. The same terms may have different meanings in other context.

2. The definitions are intentionally short and non-technical. They do not include all possible meanings that a term may acquire in legal use.

3. State laws may modify or change the meanings of certain terms defined.

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

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

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