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e transferring property, a warranty deed is typically used to ensure there are no title defects or encumbrances on the property. However, a quitclaim deed is another option that can be used to transfer ownership of real estate between parties. This type of deed does not offer the same level of protection as a warranty deed, as the seller does not guarantee that the property is free and clear of any defects or liens. Quitclaim deeds are often used in situations where the parties know and trust each other, such as transferring property within a family or between business partners. If you are considering using a quitclaim deed, it is important to understand the implications and potential risks involved in this type of transaction.
