Escrow & Title
What is a quitclaim deed, and when is it commonly used in Illinois real estate transactions?
AA deed that provides full warranties of title; used in standard residential sales
BA deed that conveys whatever interest the grantor has (if any) without warranties; commonly used for removing co-owners, clearing title defects, or transferring between family members✓ Correct
CA deed used exclusively for bank-owned foreclosure properties
DA deed used only for commercial property transfers in Illinois
Explanation
A quitclaim deed conveys whatever interest the grantor has in the property—but makes no warranties about the quality of that title. If the grantor has no interest, nothing passes. Quitclaim deeds are commonly used in Illinois to: remove a co-owner from title (e.g., after divorce), clear minor title defects, transfer property between family members, and add or remove a spouse from title. Buyers in arm's-length transactions typically receive general warranty deeds rather than quitclaim deeds.
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