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Mortgage Glossary

Quitclaim Deed

Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

A quitclaim deed transfers whatever interest the grantor holds in a property without any warranty of clear title.

What Quitclaim Deed means

Because it offers no guarantees, it's used between trusted parties such as family members, divorcing spouses, or to clear up title questions, not in arm's-length sales.

Florida example

A Florida parent uses a quitclaim deed to add an adult child to the title. Buyers in a normal purchase instead receive a warranty deed, which guarantees the seller actually owns clear title.

What it does

A quitclaim deed transfers whatever ownership one person has in a property to another. It comes with no promise about a clear title.

It is often used between family members, spouses, or in divorce.

When to use one

A quitclaim deed is quick, but it offers less protection than a warranty deed. Know the difference before you sign.

We coordinate with your title team on deed choices. Reach out and we will point you the right way.

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