What Does Quit Claim Mean?


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Yooti Bhansali answered
A quit claim deed refers to a text or document that is legally viable, through which an individual discharges or 'quits' any claim which they may have had to any kind of property or territory. There are various kinds of deeds, and of these the quit claim possesses the least guarantee that the individual getting it will actually receive any rights in the matter.

The individual or party who gives a quit claim deed gives no guarantee or any kind of representation that they actually have ownership of anything at all. A quit claim deed simply offers that whatever they were in possession of, or may have been in possession of, they are declaring it. Other kinds of deeds include judicial deeds, warranty deeds, sheriff's deeds as well as deeds of trust.

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