PSI Oklahoma Real Estate Practice Test – Exam Prep, Practice Questions & Study Guide

The quitclaim deed is commonly utilized to clear a cloud on the title because it transfers whatever interest the grantor has in the property without making any guarantees or warranties about the validity of that interest. When there is a question regarding the ownership of property—due to possible liens, claims, or disputes—a quitclaim deed can be a quick and efficient way to remove ambiguity.

This type of deed does not convey any assurance that the title is free and clear of defects; it simply relinquishes the owner’s claim to the property. By using a quitclaim deed, parties can effectively resolve issues related to ownership without engaging in lengthy legal disputes. This makes it a practical tool, particularly in situations where one party needs to formally acknowledge that they have no remaining claim to the property in question, thus assisting in clarifying the title for the sake of future transactions.

Other types of deeds, such as warranty deeds and grant deeds, offer varying levels of protection and assurances regarding the ownership and condition of the title, but they are not primarily designed for the purpose of clearing existing title issues. A trustee deed is typically used in the context of foreclosure or when transferring property held in trust, and it doesn’t serve the same function as a quitclaim deed when it comes