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Hey there, Seth from REtipster explains what a quitclaim deed is, its purpose in transferring real estate ownership, and when it is used. Unlike a warranty deed, which ensures clear title, a quitclaim deed makes no guarantees about the property's ownership status. It is commonly used for transfers between family members or to clear up title issues. A quitclaim deed is simple to create and can be a useful tool in certain situations.
