What is a quitclaim deed typically used for?

A quitclaim deed is commonly utilized for the transfer of property ownership without any warranties or guarantees regarding the title. This means that the grantor (the person transferring the property) offers the property interest they have, but they make no assurances about the quality of the title or whether there may be claims against it. This type of deed is often used in situations where the parties know each other well, such as family transactions or to clear up title issues, since it allows for a quick and straightforward transfer of ownership.

In contrast, other options outline different real estate transactions or concepts. A mortgage agreement involves loans and responsibilities related to borrowing money to purchase property, while securing a loan means placing a lien on the property to guarantee repayment. Enforcing covenants pertains to conditions or restrictions placed on property use, which isn’t directly related to the purpose of a quitclaim deed. Thus, the quitclaim deed's distinct function of transferring property without warranties clearly makes it the appropriate choice.