What is a quick claim deed for property?

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asked Sep 14, 2020 in Real Estate - Renting by Paddymcpaddy (1,990 points)
What is a quick claim deed for property?

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answered Sep 14, 2020 by Niko (18,430 points)
A quit claim deed is a deed for a property that transfers the ownership of the property or real estate to the new owner.

The quit claim deed is basically a non warranty deed and the quit claim deed conveys whatever interest the grantor currently has in the the property.

The grantor then quitclaims their interest in the property.

Although some people call it a quick claim deed it's actually a quit claim deed.

The quit claim deed is a legal paperwork that is used to transfer the interest in real property.

The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.

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