What Is A Quitclaim Deed

Quitclaim deed document with eyeglasses on the side and one pen on top of the paper

A deed transfers ownership of a property from one party to another. A warranty deed and a quitclaim deed are the two most common kinds; a quickclaim deed makes no assurance that the property is free and clear of any liens or encumbrances, and provides far less protection to the recipient of the property.

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A warranty deed, on the other hand, which is used in most real estate sales, warrants a clear title after a title search is completed.

Quitclaim deeds are commonly used when the property is:

  • transferred from one family member to another
  • when a spouse’s name is added to the property title
  • when someone’s name is removed from the property title, such as during a divorce

A quitclaim deed doesn’t erase or affect any existing mortgage that the owner is responsible for quitclaim. Deeds are also not reversible. Once the deed is signed and delivered, the individual transferring it no longer owns the property. 

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