Escrow & Title
A 'quitclaim deed' in North Dakota conveys:
AThe grantor's full warranty of title
BWhatever interest, if any, the grantor has in the property—no more, no less✓ Correct
CTitle free and clear of all encumbrances
DOnly mineral rights
Explanation
A quitclaim deed conveys only whatever interest the grantor has (or claims to have) in the property, with no warranties of any kind. It is often used to clear title defects or transfer interests between family members.
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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).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
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