What Is Quitclaim Deed?
A quitclaim deed transfers whatever ownership interest the grantor actually has in a property, with no guarantee that title is clear or that the grantor even owns it — commonly used between family members or to clear a title defect, not in an arm's-length sale.
Quitclaim Deed vs. Warranty Deed
Transfers whatever interest the grantor has, with no guarantee of clear title — common between family members or to fix a title defect.
Transfers ownership with the seller's legal guarantee of clear title and a promise to defend against future claims — standard in arm's-length sales.
Related Terms
More Owning Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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