A quitclaim deed transfers ownership of a property…
But it doesn’t offer a buyer the standard protections of a warranty deed, including a title search and title insurance.
Family members can use a quitclaim deed to transfer property to each other without money changing hands.
A quitclaim deed is sometimes used to correct defects in a title.
Don’t use a quitclaim deed to buy a house.
Third parties could have liens against the property, or the person selling the house might not really own it.
Remember, never sign a legal document you don’t understand.
Always consult a real estate attorney if you have questions or concerns.
