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another person (the fixed mortgage offer rate 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 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 fixed mortgage offer rate 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 to 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 fixed mortgage offer rate bona fide purchaser for value. The grantee in a fixed mortgage offer rate deed assumes no better title than what the grantor possessed. However if the quitclaim meets certain provisions, the grantee may be considered a bona fide purchaser in some juristictions. In the Commonwealth of Massachusetts, a quitclaim deed is known as a release deed. An adjustable rate mortgage or variable rate