With a Warranty Deed, the grantor fully warrants the title to the said land, and will defend the same against lawful claims of all persons whomsoever. You don’t get that with a Quit Claim Deed.
When someone deeds interest in a property via Quit Claim, he conveys or gives all interest he has IF ANY
. What if he doesn’t have any interest in that property? A Quit Claim Deed provides no warranties. DON’T DO IT.
Furthermore, because Quit Claim Deeds carry no warranties, they void title insurance policies. Yeah, so not only do you have no warranty on the deed, you also have no insurance to protect you from financial loss should someone challenge your ownership of the property.
A Quit Claim Deed is a great way to “clean up” title, but it doesn’t guarantee anything. It can also be a conduit for fraud, and you really don’t want to be on that end of the stick.
With very few exceptions, always get a WARRANTY DEED instead of a Quit Claim Deed.