| and passes that home equity loan refinancing to another person (the grantee). Unlike a typical deed, a quitclaim deed neither warrants nor professes that the grantor's claim was actually valid. While a grant deed is normally used for all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, and other special home equity loan refinancing unusual circumstances. Quitclaim deeds are also used by tax authorities when selling properties seized for nonpayment of taxes. In most common law jurisdictions, a quitclaim deed is no technically considered to be a deed at all. It fails to meet all five traditional tests of a true home equity loan refinancing found |
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