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Updated almost 9 years ago on . Most recent reply
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what is a Quitclaim deed
what does Tax deed...Sale by quit claim deed mean. I see this on a lot of properties on realtor.com
can someone explain in a Easy to understand way?
Most Popular Reply
Essentially, they are making no warranties that the title is clear, or that they even own the property. If the title is clouded (liens or encumbrances) or it turns out they didn't have the right to sell it, you have no recourse with the grantor short of fraudulent behavior.
As compared to a Warranty Deed which typically guarantees that you are getting title free and clear, or a Special Warranty Deed where the grantor is typically only guaranteeing the title for the period that they owned it, and nothing previous to that.