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The use of deeds to transfer property interest is common in real estate, with a quitclaim deed being one of the more frequently used types. This summary covers the coverage, meaning for mortgages, and common uses of quitclaim deeds. It also outlines the protections offered by different deed types – general warranty, special warranty, and quit claim deeds – with quitclaim deeds providing the lowest level of protection. It highlights that quitclaim deeds do not guarantee the property is free from liens, incumbencies, or that the grantee legally owns the property. Essentially, quitclaim deeds offer no protection for the grantee.
