what is a Quitclaim deed

Question

what does Tax deed...Sale by quit claim deed mean. I see this on a lot of properties on realtor.com

can someone explain in a Easy to understand way?

Edward B. · Answer

Essentially, they are making no warranties that the title is clear, or that they even own the property. If the title is clouded (liens or encumbrances) or it turns out they didn't have the right to sell it, you have no recourse with the grantor short of fraudulent behavior.

As compared to a Warranty Deed which typically guarantees that you are getting title free and clear, or a Special Warranty Deed where the grantor is typically only guaranteeing the title for the period that they owned it, and nothing previous to that.

Darrell Carter · Answer

thankyou, I understand now

Daria B. · Answer

Quitclaim is a type of deed that is generally used to transfer property rights from one individual to another without any warranty.

definition from Google, you can easily obtain definitions by doing the same search on the Internet:

"A quitclaim is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called a grantor, and when the quitclaim deed is properly completed and executed it transfers any interest the grantor has in the property to a recipient, called the grantee."