Quitclaim deeds are commonly used between parties that share a high level of trust, such as family members. A quitclaim deed provides a quick and straightforward way to divide or transfer real estate property interest.

Quitclaim deeds transfer property interest “as is” and do NOT offer any title warranties.

These deeds are most common in situations where there is no question about the title. Therefore, quitclaim deeds are appropriate for transfers that do not require a title search or the purchase of title insurance.

Quitclaim Deeds can be used when:
– Changing or editing names on an existing deed
– Gifting property to another person or family member
– Giving up interest on a property to a spouse or ex-spouse
– Transferring property to a business subsidiary or other entity
– Transferring property to a trust
– Resolving a “cloud” on a title

Quitclaim deeds provide the buyer with the least amount of protection. Unlike a warranty deed, a quitclaim deed does not guarantee the property is free of liens or other encumbrances.

Quitclaim deeds do not affect mortgages, meaning the grantor (seller) remains legally responsible for the mortgage, even after transferring ownership through a quitclaim deed.