| a document by which a person disclaims any interest the grantor might have in a piece of real property, and passes that 2nd california mortgage 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 2nd california mortgage used for all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, and other special or 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 2nd california mortgage five traditional tests of a true deed found in common law. Instead it is considered to be an instrument of estoppel. Title companies often will not issue title insurance based on a quitclaim deed. In most jurisdictions, a 2nd california mortgage in a quitclaim deed is not considered to be a bona fide purchaser |
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