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e transferring real estate, they will use a warranty deed. However, a quitclaim deed can also be used to transfer ownership of property, without the same level of guarantees. A quitclaim deed is a simpler document that transfers ownership without any promises or guarantees about the title of the property. It is often used in situations where the buyer and seller have a high level of trust, such as in family transactions or when clearing up title issues. To create a quitclaim deed, you will need to include the names of the parties involved, legal description of the property, and a statement of transfer. This type of deed can be useful in certain situations, but it is important to understand the differences between quitclaim and warranty deeds before using one.
