What is a common reason for a buyer to choose a quitclaim deed?

A common reason for a buyer to choose a quitclaim deed is to clear up title defects. Quitclaim deeds are often used in transactions where the grantor does not guarantee that they have clear title to the property, but they are relinquishing any claim they may have to it. This can be particularly useful in situations where there are uncertainties regarding ownership or existing title issues, such as claims from previous property owners, heirs, or liens that may not be fully resolved.

By using a quitclaim deed, a buyer can accept the title as it is, which can help resolve ambiguities about the ownership and ensure that any issues with the title can be dealt with in the future. This option can provide a streamlined method for transferring interests, especially in cases involving family members or previous owners who are no longer in possession of the property but may need to formally release their claims.

In contrast, choosing a quitclaim deed does not guarantee a full warranty of title, does not provide lien protection, and is not used for issuing a mortgage, which distinguishes it from more traditional forms of deeds that offer greater protection to the buyer.