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Brad Lynch, also known as "your mortgage guy for life," discusses the quitclaim deed in his tutorial. He clarifies that while some people refer to it as a "quick claim deed," the correct term is "quitclaim deed." This legal document transfers the grantor's interest in real estate. He explains its practical use, particularly in divorce situations, where one spouse may use a quitclaim deed to transfer their ownership of a property to the other spouse. Lynch encourages viewers to check his online presence for more information on various lending topics.