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In this video, Brad Lynch, known as your "mortgage guy for life," explains the concept of a quitclaim deed. He clarifies that while some people mistakenly refer to it as a "quick claim deed," the correct term is "quitclaim deed." This legal document transfers the grantor's interest in a piece of real estate. For example, in situations like divorce, one spouse may use a quitclaim deed to transfer their ownership interest in the home to the other spouse. Lynch encourages viewers to check his online presence using the hashtag #YMGFL for further information on refinances, purchases, and divorce lending.