Property Ownership
Under Wisconsin law, a 'quitclaim deed' conveys:
AFull warranty title free of all encumbrances
BWhatever interest the grantor has, if any, without warranties — no representation is made about the quality of title✓ Correct
COnly mineral rights to the property
DA life estate interest only
Explanation
A quitclaim deed conveys whatever interest the grantor has, if any, without any warranties of title; it is often used to clear title defects or transfer property 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).
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
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.
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