What type of deed does not guarantee the validity of the title?

Prepare for the Illinois Notary Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for your test!

A quitclaim deed is a legal instrument that is used to transfer interest in real property. Unlike a warranty deed, which provides a guarantee that the grantor holds valid title to the property and has the right to transfer it, a quitclaim deed makes no such assurances. When a quitclaim deed is executed, the grantor simply conveys whatever interest they may have in the property to the grantee, without any warranty regarding the validity of that interest or the status of the title.

This absence of guarantees means that the grantee takes on a significant risk, as they may not receive any actual ownership rights or may discover liabilities associated with the property. This is in contrast to other types of deeds, such as warranty or grant deeds, which often promise certain protections to the grantee about the title.

Understanding this distinction is crucial for anyone involved in property transfers, as it influences the level of risk one may be assuming when accepting a deed transfer from another party.

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