Quitclaim Deed - A deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made.

Most lenders in New York charge only $150 to draft and execute a Quit Claim deed on your behalf.

A Quit Claim deed is a simple and effective way of giving up interest in a particular property, and is sometimes used in divorces where one spouse thereby releases their interest in a home that the other spouse owns.

A Quit claim deed does not however verify that the peron quitting claim had any claim to the property to begin with

In some states, such as Massachusetts, a quit claim deed is referred to as a release deed.

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