The Real Estate Encyclopedia
Quitclaim Deed
Category - Real Estate Glossary - Real Estate Terminology

1.  A legal document which transfers any ownership an individual has in a piece of property often used when the amount of ownership is not known or is unclear.

2.  A quitclaim deed is a deed that transfers whatever ownership interest the transferor has in a particular property without guarantee about what is being transferred. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property.

Real Estate Glossary - Real Estate Terminology
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