Which type of deed transfers ownership without any title guarantees?

Which type of deed transfers ownership without any title guarantees?

• A. Special Warranty Deed
• B. Quitclaim Deed
• C. Warranty Deed
• D. Grant Deed

Answer: (B)

A quitclaim deed is the type of deed that transfers ownership without any title guarantees. This means that when a property is conveyed through a quitclaim deed, the grantor (the person transferring the property) relinquishes their interest in the property to the grantee (the person receiving the property) but does not guarantee that the title is clear or that the grantor actually owns the property free of encumbrances. In essence, the quitclaim deed is often used in situations where the parties know each other well, such as family transfers or in divorce settlements, where the transfer of rights is needed without the need for the assurance of title that comes with more formal deeds. This lack of guarantees means the grantee accepts the property "as is," and it's critical for anyone involved to understand the potential risks, as they may be taking on the property with any existing issues or claims against it. In contrast, a warranty deed provides the highest level of protection for the grantee with guarantees of a clear title and the obligation of the grantor to defend that title against any claims. A special warranty deed offers similar protections but only covers the time the seller owned the property. A grant deed gives some warranties related to the property as well, but not

A quitclaim deed is the type of deed that transfers ownership without any title guarantees. This means that when a property is conveyed through a quitclaim deed, the grantor (the person transferring the property) relinquishes their interest in the property to the grantee (the person receiving the property) but does not guarantee that the title is clear or that the grantor actually owns the property free of encumbrances.

In essence, the quitclaim deed is often used in situations where the parties know each other well, such as family transfers or in divorce settlements, where the transfer of rights is needed without the need for the assurance of title that comes with more formal deeds. This lack of guarantees means the grantee accepts the property "as is," and it's critical for anyone involved to understand the potential risks, as they may be taking on the property with any existing issues or claims against it.

In contrast, a warranty deed provides the highest level of protection for the grantee with guarantees of a clear title and the obligation of the grantor to defend that title against any claims. A special warranty deed offers similar protections but only covers the time the seller owned the property. A grant deed gives some warranties related to the property as well, but not