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e buying real estate, a warranty deed is the most commonly used document. However, a quitclaim deed is another option for transferring ownership of property. A quitclaim deed transfers ownership without any promises or guarantees about the property's title status. This type of deed is useful in certain situations, such as transferring property between family members or clearing up title issues. Using a quitclaim deed can be a quick and simple way to transfer real estate ownership.