What is true regarding a quitclaim deed?

A quitclaim deed is a legal instrument used to transfer interest in real property. The key characteristic of a quitclaim deed is that it conveys whatever interest the grantor has in the property without any warranties or guarantees regarding the title. This means that the grantor is simply relinquishing their claim to the property, but there is no assurance about the quality or validity of the interest being transferred.

Using a quitclaim deed to remove a cloud on a title is particularly effective. A cloud on a title refers to any claim or potential claim that may affect the ownership rights to a property, making it less marketable or causing disputes. By executing a quitclaim deed, the grantor can effectively clarify ownership and eliminate any potential claims they may have, thus providing a clearer title for the grantee.

While a quitclaim deed can transfer an interest in property that is held in fee simple, it does not offer the same protections as a warranty deed, which includes specific warranties to ensure the grantee receives good title. Quitclaim deeds can indeed be recorded in public records, allowing the transaction to be documented and providing public notice of the transfer.