What term describes a legal process to remove a claim on a property?

The term that describes a legal process to remove a claim on a property is known as a quitclaim. A quitclaim deed is a legal instrument that allows a person to transfer whatever interest they have in a property to another party, thereby relinquishing all claims to the property. This does not guarantee that the person transferring the interest has a clear title or any interest at all; it simply means that they are giving up their rights.

In real estate, quitclaims are often used in situations where the property ownership is being transferred between family members, or in situations like divorces where one party wants to remove themselves from property ownership. The quitclaim deed effectively releases any claims the grantor may have had, making it an important tool for clearing up title issues associated with the property.

Other terms present in the question have different meanings and functions: foreclosure refers to the legal process by which a lender seizes property due to the borrower's failure to meet the terms of a mortgage, estoppel relates to preventing a party from denying or alleging a certain fact due to that party’s previous actions or statements, and reconveyance involves transferring the title back to the borrower after a mortgage has been paid off, often associated with satisfied mortgage loans. Thus, the quitclaim