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Quit claim deed is a kind of legal document. People use a quit claim deed to transfer property within the family members and friends but most people do not want to use a quit claim deed at the time of buying or selling a property. The person who is quitting his claims is called the Grantor and the person who is getting or receiving the property is called the Grantee. Using a quit claim deed means that owner of the property or the Grantor is quitting all his or her claims from the property.

Using a quit claim deed does not transfer the mortgage or any other loans against the property. If the property is a mortgaged property then even after the quit claim the owner will still be obliged to pay the remaining the mortgage. The owner or the grantor should inform the lender before the quit claim if the property is mortgaged, otherwise the lender can take some actions or claim the due amount in full.

A quit claim is used mostly among the spouses at the time of divorce. People want to divide every thing that they have shared so long. Divorce is itself a hectic and time consuming process. The quit claim deed should notarized and recorded as soon as possible to make that deed valid. Though the time length of recording a quitclaim deed differs from one state to another but it is better to record the deed as soon as possible so that the grantee do not need to face any problem in future.