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In this video, Seth from the REtipster blog explains what a quitclaim deed is and when it is useful. A quitclaim deed is a document used to transfer real estate ownership without guaranteeing that the title is clear or free of liens. This contrasts with a warranty deed, where the seller assures that they hold a clear title to the property. Most real estate transactions typically use warranty deeds to ensure there are no defects in title ownership. Seth's overview includes when to utilize a quitclaim deed and how to create one if needed.