A Quitclaim Deed contains:

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Multiple Choice

A Quitclaim Deed contains:

Explanation:
A Quitclaim Deed transfers whatever ownership interest the grantor has, if any, and it carries no warranties about the title. That means the grantee receives whatever claim, if any, the grantor can convey, but there is no promise that the title is clear or that the grantor actually owns the property. A mortgage lien is a separate encumbrance created by a loan and recorded against the property; it is not created by the act of transferring ownership with a quitclaim deed. So a quitclaim deed does not contain a mortgage lien. The correct concept is that it conveys the grantor’s interest, if any, without warranties.

A Quitclaim Deed transfers whatever ownership interest the grantor has, if any, and it carries no warranties about the title. That means the grantee receives whatever claim, if any, the grantor can convey, but there is no promise that the title is clear or that the grantor actually owns the property. A mortgage lien is a separate encumbrance created by a loan and recorded against the property; it is not created by the act of transferring ownership with a quitclaim deed. So a quitclaim deed does not contain a mortgage lien. The correct concept is that it conveys the grantor’s interest, if any, without warranties.

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