Deeds

Quitclaim

Quitclaim deeds are often used to clear clouds on the title. In lieu of the granting and conveyancing language found in general warranty deeds, a quitclaim deed will reflect the party of the first part’s intent to remise, release, and quitclaim any interest or title he or she may have unto the party of the second part. Since the party of the first part typically holds no apparent legal right, title, or interest in the property being insured, it would be inappropriate for such person to “grant” or “convey” an established interest or, further, to warrant and defend title to the property. A quitclaim deed does not purport to convey any established interest but merely remises, releases and quitclaims any such interest or title the party of the first part might have.

 

See also:

 

Deeds in Lieu of Foreclosure