What is the primary feature of a Quitclaim Deed?

The primary feature of a Quitclaim Deed is that it transfers only the interest that the grantor may have in the property, without providing any warranties or guarantees regarding the validity of that interest. This means that the grantor is not making any promises about the ownership status of the property; they are simply relinquishing whatever rights they may hold.

This type of deed is often used in situations where the parties know each other well, such as family transfers, or when someone is unsure of their legal claim to the property. Since the grantor does not assure that they own the property free and clear, the grantee takes on personal risk and should perform due diligence to determine the property's title status before accepting a Quitclaim Deed.

Additionally, options like a Quitclaim Deed being used in foreclosure sales or transferring all rights to the property do not reflect the true nature of a Quitclaim Deed, as it is specifically limited to whatever interest, if any, the grantor possesses. The lack of protective measures for the grantee further distinguishes it from other deed types, particularly in terms of security and assurances offered.