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Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.
The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.
If you're the spouse receiving the property, once you remove your ex's name and the property is transferred to you by quitclaim deed, you own all of it. You should review your prior deeds or have an attorney review them for you to help ensure there are no defects in the title.
Synonyms of quitclaim (noun abdication) abandonment. abjuration. abnegation. abstention.
A quitclaim is an act of giving up your ownership of a property and transferring it to another person. If your grandmother signs her house over to your dad, that's a quitclaim.
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
?Quitclaim.? Merriam-Webster.com Dictionary, Merriam-Webster, .
A quitclaim deed in a divorce or legal separation gives one person sole ownership of the property. That means that person can sell or obtain a mortgage on the property without the approval, consent, or involvement of a former spouse.