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Brad Lynch, known as "your mortgage guy for life," discusses the quitclaim deed in his tutorial. He emphasizes that the correct term is "quitclaim deed"—though some may incorrectly refer to it as "quick claim deed." A quitclaim deed is used to transfer the grantor's interest in real estate, which can be particularly relevant in divorce situations. For example, one spouse can use a quitclaim deed to convey their interest in a property to the other spouse following a divorce, effectively transferring ownership rights. Lynch encourages viewers to check his online presence for more information on refinances and lending related to divorces.