What is a quick claim deed?
A deed that transfers whatever interest or title a grantor may have, without warranty. A quitclaim deed is a term used to describe a document by which a person (the “grantor”) disclaims any interest the grantor may have a piece of real property and passes that claim to another person (the “grantee). A quitclaim deed neither warrants nor professes that the grantor’s claim is valid. By contrast, the deeds normally used for real estate sales (called grant deeds or warranty deeds, depending on the jurisdiction) contain guarantees from the grantor to the grantee that the title is clear. The exact nature of the warranties varies from jurisdiction to jurisdiction. Quitclaim deeds are sometimes used for transfers between family members, gift, placing personal property into a business entity, or to eliminate clouds on title, or in other special or unusual circumstances.
