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By Craig Johnson

Quitclaim Deeds Explained

A quitclaim deed is a fast way to transfer property, but unlike other ways, it includes no protections for the buyer.

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Deeds are legal documents that transfer ownership of real property (homes, land, immovable buildings) from one person to another. Deeds fall into two categories. The simplest type of deed is a quitclaim deed, drawn up to convey, or transfer, ownership from the seller to the buyer without any assurances. The other type of deed is a warranty deed, in...
mortgage