| 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 deed found in common law. Instead it is considered commercial fixed rate mortgage be an instrument of estoppel. Title companies often will not issue title 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 than what the grantor possessed. However commercial fixed rate mortgage the quitclaim meets certain provisions, the grantee |
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