What is the difference between a "quitclaim deed" and a "warranty deed"?

The choice that states a quitclaim deed has no warranties and a warranty deed guarantees the title is correct.

A quitclaim deed is a legal instrument used to transfer whatever interest the grantor may have in a property without any assurances or guarantees regarding the title. This means that the grantor is not promising that they actually own the property free and clear or that there are no encumbrances. It simply conveys any rights they may hold, effectively leaving the responsibility to the grantee to investigate any potential issues.

In contrast, a warranty deed provides strong protection for the grantee. It not only conveys ownership of the property but also includes guarantees from the grantor regarding the title's validity. Specifically, a warranty deed assures that the grantee will not face claims against the property and that the title is free from defects or encumbrances that were not disclosed. This makes warranty deeds a more secure option during real estate transactions as they provide clear assurances of ownership.

The inaccuracies of the other choices lie in their misunderstandings of the attributes of each type of deed. For example, a quitclaim deed does not include any warranties, which is a fundamental characteristic that highlights its difference from a warranty deed. Similarly, the statement that a warranty deed is only used