A quitclaim deed impacts only the ownership of the real estate and the names on the deed, not the mortgage. A warranty deed can be used for most property transfers.A quitclaim deed can transfer ownership to a specific, trusted person. A warranty deed and a quitclaim deed are two different types of real estate deeds that individuals use in property transactions based on their legality. A warranty deed transfers the property in its entirety. Warranties and protection – Quitclaim deeds provide zero warranties or protection for the grantee. The key difference between a warranty deed vs. Quitclaim deed is the level of protection offered. Quitclaim deeds are used to quickly transfer ownership of real property from one person to another, typically in situations of nontraditional sales. You can fill that out, have your signature notarized, and take it to the Register of Deeds in the county where the property is located to have it recorded.