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What Is a Quitclaim deed? Definition, Uses and Importance.

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A deed that transfers the owner’s interest to a buyer but does not guarantee that there are other claims against the property.

Deeds are used to transfer the ownership of a property. For a deed to be valid, it must include some basic characteristics. Protective measures for the grantor can be found in several forms of deed, and a grantor’s responsibilities are determined by the deed’s form rather than its content.

A quitclaim deed provides the least level of buyer protection and is typically used to transfer title between family members or to correct a title fault. “Special-purpose deeds,” which include correction deeds, gift deeds and release deeds, often provide no more protection than standard quitclaim deeds.

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