Term of the Day
A quit claim deed
is a legal document
by which a person releases or "quits" any claim that they may have had to property. Of the different types of deeds, the quit-claim has the least assurance
that the person receiving it will actually get any rights. The person who provides a quit-claim deed makes no warranty
or representation that they actually own anything. The quit-claim merely provides that whatever they had or may have had, they are conveying it. Other types of deeds are judicial deeds, warranty deeds, and sheriff's deeds.