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Seth from REtipster blog provides a quick overview of a quitclaim deed in real estate transactions. Unlike a warranty deed, a quitclaim deed transfers ownership without guaranteeing clear title. It is commonly used for non-standard transactions when there is pre-existing familiarity and trust between parties. Quitclaim deeds are useful for family transfers, clearing title clouds, and adding or removing someone from a deed. It is important to understand the risks involved when using a quitclaim deed, as they do not provide the same level of protection as warranty deeds.
