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Brad Lynch, also known as "your mortgage guy for life," discusses the quitclaim deed. He clarifies that while some may refer to it as a "quick claim deed," the correct term is "quitclaim deed." This legal document allows the grantor to transfer their interest in a piece of real estate. An example provided involves divorce situations, where one spouse may use a quitclaim deed to transfer their interest in the home to the other spouse. For further information on his services, including refinances and divorce lending, viewers can search online using the hashtag #YMGFL.