What type of deed transfers ownership without any guarantees or warranties?

A quitclaim deed is the type of deed that transfers ownership without any guarantees or warranties. This means that the grantor conveys whatever interest they may have in the property to the grantee, but does not guarantee that the title is clear or that they have the legal right to transfer it. As a result, the grantee assumes the risk of any existing title issues or claims.

This form of deed is often used in situations where the parties know each other well, such as transferring property between family members, or to resolve claims or disputes regarding property ownership. Since there are no warranties or covenants included, the quitclaim deed is typically considered the simplest and fastest way to transfer property rights. Therefore, it is essential for recipients of a quitclaim deed to conduct their due diligence regarding the property's title before accepting it.