Quit Claim Deed

A Quit claim deed is mainly used to transfer the real estate property among family members or friends. The quitclaim deed doesn't assure that the title free from any kind of liens. By the way, the quit claim deed needs to be notarized and recorded in the county recorder's office to make the deed valid. If you are buying or selling a property, then it is better to avoid the quit claim deed and use a Warranty deed as a Warranty deed assures that the title is clear from the liens and thus you can avoid future confusions.

A quitclaim deed does not release the grantor from the mortgage obligations unless or until the grantee takes the mortgage on his or her name. By the way if the property is in mortgage then it is better to take confirmation from the lender before signing the quitclaim deed.