Question

A quitclaim deed is used to simply convey any interest in real estate without any assurance the individual named as grantor holds an interest to convey.

a) True
b) False

Answer 1

The statement is true; quitclaim deeds transfer any interest a grantor might have in a property without warranties regarding the title's validity or the grantor's interest.

Step-by-step explanation:

The direct answer to the question is: a) True.

A quitclaim deed is indeed used to transfer any interest in real estate the grantor may have without guaranteeing the validity of the title or the existence of any interest. Quitclaim deeds are often used between family members or to clear up title issues because they provide no warranty that the grantor actually owns an interest in the real estate. They are simply a way for a grantor to convey whatever interest they might have, if any, without promising that the property title is clear.

This type of deed is different from warranty deeds, which do provide a guarantee that the grantor has clear title to the property and the right to sell it. Quitclaim deeds transfer ownership without making any statements about the quality of the title, leaving the grantee with no recourse against the grantor if a problem with the title is discovered after the transfer.