Define: Quitclaim Deed

by ashdhart on October 23, 2009

real estate glossaryQuitclaim Deed: A deed that conveys only the grantor’s right or interest in real estate, without stating the nature of the rights and with no warranties of ownership.

A quitclaim deed is an easy way to add or remove a legal owner if you know the ownership. Commonly seen in a divorce or marriage, but also if one partner obtains the mortgage in their name and wishes to add the other partner to the deed. Being added or removed does not relieve you or make you responsible for the mortgage. This is a separate document.

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