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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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Official resources

Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.

Related Mortgage Terms

Rate LockA rate lock is a lender's commitment to hold a quoted interest rate for a set number of days while we process your loan.Rate-and-Term RefinanceA rate-and-term refinance replaces your existing mortgage to change the rate, the term, or both, without taking cash out.RecastA mortgage recast re-amortizes your loan after you make a large lump-sum payment toward principal, lowering the monthly payment while keeping the same rate and term.
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