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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.

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