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In this segment, Mark Stiles explains the concept of a quit claim deed, commonly referred to as a "quick claim deed." He clarifies that it is a legal document used in Massachusetts that allows an individual to transfer their property rights to another person without guaranteeing any ownership or title. Stiles emphasizes that the transfer could involve full, partial, or no ownership interest in the property. He illustrates this with an example, stating that even without any ownership in a property, one could still execute a quit claim deed, highlighting the lack of warranties or representations in such transactions.
