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Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.
A Wyoming quitclaim deed is a type of deed that transfers all of the signer's rights and title in the property with no warranty of title. The transferee (or grantee) receives whatever interest the transferor (or grantor) can legally convey.
The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.
A quitclaim is an act of giving up your ownership of a property and transferring it to another person. If your grandmother signs her house over to your dad, that's a quitclaim.
Synonyms of quitclaim (noun abdication) abandonment. abjuration. abnegation. abstention.
?Quitclaim.? Merriam-Webster.com Dictionary, Merriam-Webster, .
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
Whether there's been a death, divorce or change of personal circumstances, there may be a reason for you to remove a name from a property deed. This process is done using a deed of conveyance, which is either in the form of a quitclaim deed or a warranty deed.