What does a quitclaim deed convey?

Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only “remises, releases, and quitclaims” his or her interest in the property to the grantee. There are no warranties or promises regarding the quality of the title.Click to see full answer. Then, why would someone do a quit claim deed?Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse’s name to the title or deed, or when the owners divorce and one spouse’s name is removed from the title or deed.Secondly, does a quitclaim deed convey marketable title? A seller of real estate uses a deed to convey title or interest in the property to the buyer. Of all deed forms, the quitclaim deed gives the buyer the least amount of protection. Instead of conveying marketable title, the quitclaim deed only conveys the seller’s interest in the property to the buyer. Keeping this in consideration, what portion of a grantor’s rights does a quit claim deed convey? 1. You’re buying the least amount of protection of any deed. Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only “remises, releases, and quitclaims” his or her interest in the property to the grantee.What happens when you sign a quit claim deed?Signing a quitclaim deed transfers whatever interest the grantor has in the property without making any promises about that interest. If you quitclaimed your interest in the property, it means you turned over every claim you might have to an ownership interest to someone else.