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Quitclaim deed. A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.
Without this document, you may not be able record and prove your ownership to the property. A Quitclaim Deed (or Quit Claim) is a legal document where the Grantor (or owner/seller) releases his or her ownership rights in a piece of real property to the Grantee (or purchaser).