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Grantee
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The buyer, who receives a deed
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Grantor
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The seller, who gives a deed
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Gross Debt Service Ratio (GDS)
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The annual charges for principal, interest and taxes as a function of gross income of the mortgagor.
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Gross Income
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The scheduled income from the operation of the business of the management of the property, customarily stated on an annual basis. Also refers to the total personal income (from all sources) of an individual, before taxes and other deductions.
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Guaranteed Sale
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Promise by the listing broker that if the property cannot be sold by a specific date, the broker will buy it, usually at a sharply discounted price.
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Guarantor
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A third party person without interest in the property who agrees to assume responsibility for a debt in the event of default by the mortgagor.
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