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A quitclaim deed is a legal document that is used to transfer interest in a property from one party to another. Unlike a warranty deed or a special warranty deed, a quitclaim deed does not provide any warranties, either implied or actual, to the buyer. This means that the seller is not guaranteeing the condition of the property or that they have full ownership of the property. Therefore, a quitclaim deed may carry more risk for the buyer compared to other types of deeds. A grant deed, on the other hand, does provide some limited warranties to the buyer, making it also incorrect.