We’ve mentioned quit claim deeds before, but it’s worth a quick reminder.
A quit claim deed is one where the grantor is giving up whatever claim they have to a piece of property. Their claim may not be valid at all. Their claim may not have been validated or adjudicated to be valid by any judge or court. A grantor on a quit claim deed is literally saying that they are quitting (or giving up) their claim.
Quit claim deeds can be drawn up quickly, but they are quit claim deeds not “quick claim” deeds. The majority of quit claim deeds are drawn up to: settle an inheritance, settle up a divorce, straighten out a property line between owners of adjacent properties, or renounce an incomplete land claim.