Escrow & Title
In New Hampshire, a quitclaim deed:
AProvides the greatest buyer protection with broad warranties
BTransfers whatever interest the grantor has with no warranties✓ Correct
CIs used only for court-ordered property transfers
DRequires a title search before it can be used
Explanation
A quitclaim deed conveys whatever interest the grantor has in the property without any warranties. It is often used between family members or to clear title clouds, since it offers no guarantee of clear title.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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