Real Estate Word of the Day: Quitclaim Deed

    real-estate-word-of-the-day-template

    Quitclaim Deed:  A deed of conveyance that operates, in effect, as a release of whatever interest the grantor has in the property; sometimes called a release deed. The quitclaim deed contains similar language to a deed, with the important exception that rather than using the words grant and release, it contains language such as “remise, release and quitclaim.” Grantors therefore do not warrant title or possession. They only pass whatever interest they may have if any. In effect, a grantor forever quits whatever claim he or she had, if in fact any existed.

    Trackback from your site.

    Leave a Reply