General Lien

In real estate and legal contexts, a General Lien is a lien that attaches to all property owned by a debtor, rather than to a specific parcel of real estate. This type of lien gives the creditor a broad claim against the debtor’s assets. General liens commonly arise...

Gap Financing

In real estate finance, Gap Financing refers to short term loans used as interim financing until permanent or long term financing is secured. These loans are typically used to bridge a temporary funding gap during construction, development, or the transition between...

Gambrel Roof

In real estate and construction, a Gambrel Roof is a type of curb roof characterized by two slopes on each side of the structure. The lower slope is steep, while the upper slope is flatter, creating additional usable space beneath the roof. Gambrel roofs are commonly...

Gain

In real estate, Gain refers to an increase in value or a profit realized from a property transaction. It commonly occurs when a property is sold for more than its original purchase price, adjusted for improvements, expenses, and allowable deductions. Gain is an...

Gable Roof

In real estate and construction, a Gable Roof is a type of pitched roof characterized by two sloping sides that meet at a central ridge. The ends of the structure form triangular sections known as gables. Gable roofs are common in residential construction because they...

Future Advance Clause

In real estate finance, a Future Advance Clause is a provision in a mortgage or deed of trust that allows the borrower to obtain additional loan funds at a later date. These future advances are secured by the same mortgage or deed of trust and by the same real...