Quit Claim Deed

The quit claim deed helps the grantor relinquish their interest in real property to a grantee, and does so without specifying particular interest and without providing any guarantee that such interest in fact exists.

The fact that it offers the buyer the least amount of title protection when compared with general and limited warranty deeds does not deter investors from using it, especially when assuming a mortgage or using other creative real estate financing techniques.

Quit claim deeds are particularly useful for clearing superficial clouds on title such as:

• Recording errors - Mortgage paid in full but relevant release documents are not recorded
• Absentee spouse with potential or actual interest in property.

As you can imagine, the quit claim deed comes in really handy to real estate investors who need to clear encumbrances on property subsequent to settling on a profitable real estate investing deal.