What type of deed does not provide assurances that the grantor has any interest to convey?

Prepare for the Michigan State Title Insurance Exam. Enhance your knowledge with multiple choice questions, each with hints and explanations. Get ready to succeed!

A Quit Claim Deed is the correct answer because it is used to transfer any interest the grantor may have in a property without making any guarantees or warranties regarding the validity of that interest. This means that the grantor could potentially have no interest in the property at all, and the grantee takes whatever interest the grantor may hold, if any.

This type of deed is often used in situations where the parties are familiar with each other, such as between family members or in divorce proceedings. Since it does not provide assurances about the status of the title or any claims that may be on the property, it’s important for the grantee to understand that they are accepting the property without any recourse against the grantor.

In contrast, a Warranty Deed provides a level of protection to the grantee by guaranteeing that the grantor holds clear title to the property. A Grant Deed, while generally providing some assurances, still goes beyond a Quit Claim Deed by typically affirming that the grantor has not previously conveyed the title to anyone else. A Special Purpose Deed may have specific functions but also generally provides assurances related to the property being conveyed. Thus, the Quit Claim Deed remains the only type that does not assure that the

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy