What type of deed provides no assurance regarding the seller's past actions or interests on the day of closing?

A quitclaim deed is a legal instrument used to transfer interest in real property. The key characteristic of a quitclaim deed is that it offers no warranties or guarantees regarding the title. This means that the seller (or grantor) does not make any promises about their ownership of the property or any potential defects in the title. Essentially, the grantor is merely transferring whatever interest they may have in the property, if any, without asserting that they have clear title or ownership rights.

This type of deed is particularly useful in situations where the parties involved have a level of trust or familiarity, such as familial transfers or when clearing up title issues. Because it provides no assurances about the status of the title, the buyer takes on the risk of any potential claims against the property that may exist at the time of transfer.

In contrast, a warranty deed includes promises that the grantor holds title to the property and can convey it, thereby providing more security to the grantee. A grant deed typically contains implied warranties but does not protect against all defects that might exist prior to the grantor's ownership. A special warranty deed offers limited assurances, specifically that the grantor has not caused any title issues during their ownership. Therefore, the quitclaim deed is the only