Quitclaim Deed: A quitclaim deed is a legal instrument which is used to transfer interest in real property. Generally a quitclaim deed relieves the grantor of liability regarding the ownership of the property. The grantor of a quitclaim deed will not be liable to the grantee, or recipient of the deed, if a competing claim to the property is later discovered. A quitclaim deed is not a guarantee that the grantor has clear title to the property, rather, it’s a relinquishment of the grantor’s rights, if any, in the property.

Platinum Service Realty