Mortgage Dictionary

A guide to mortgage and real estate terminology
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Quit Claim Deed This deed which transfers any interest the maker of the deed may have in the land parcel. The quitclaim deed is often used to clear the title when the grantor's interest in a property is in question. By accepting the deed the buyer takes on all the risks. The deed makes no warranties to the title. It simply transfers the grantor's interest to the buyer.
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