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In this video, Seth from the REtipster blog discusses quitclaim deeds, explaining their purpose and when to use them. A quitclaim deed is a document used to transfer real estate ownership between parties. Unlike warranty deeds, which guarantee that the seller has a clear title free of defects or liens, quitclaim deeds do not provide such assurances. This type of deed is often used in situations where the parties know each other, such as family transfers, because it offers less protection to the recipient. Seth provides guidance on how to prepare a quitclaim deed if desired.