| technically considered to be a deed at all. It fails to meet all five traditional tests of a true deed found in alliance mortgage banking corp law. Instead it is considered to be an instrument of estoppel. Title companies often will not issue alliance mortgage banking corp insurance based on a quitclaim deed. In most jurisdictions, a grantee in a quitclaim deed is not considered to be a bona fide purchaser for value. The grantee in a quitclaim deed assumes no better title |
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