Which type of deed carries no warranties, either implied or actual?

A quitclaim deed is unique because it conveys whatever interest the grantor has in the property without any warranties or guarantees regarding the validity of the title. This means that if there are any defects or claims against the title, the grantee receives no protection or recourse through the grantor. Essentially, the grantor is saying, "I am transferring my interest in the property to you, but I make no promises about the quality of that interest."

In contrast, a warranty deed provides a guarantee that the grantor has clear title to the property and offers assurances against future claims. A grant deed contains some implied warranties, specifically that the grantor has the right to convey the property and that the property is free from any undisclosed encumbrances. A special warranty deed offers limited warranties, typically only covering the time the grantor owned the property.

Understanding the characteristics of these different types of deeds is crucial in real estate transactions, particularly in determining the level of risk that each party assumes in the transfer of property. The absence of warranties in a quitclaim deed makes it a more straightforward option, commonly used for transfers between family members or in situations where the parties know each other well and trust each other's claims about the property ownership.