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In Colorado, a quitclaim deed is a legal document used to transfer property from an owner to a seller in an expeditious fashion. This type of transfer comes with no warranty, meaning it comes with no guarantees that the title is free and clear of any encumbrances or back taxes. Essentially, a quitclaim deed only guarantees that a seller cannot come back at a later date and claim any interest on a property after he or she sells it. Though this method of transfer is generally used to transfer property between family members, a title search should still be conducted to ensure that the property has a clear title.
If you want to transfer real property to a new owner with warranties, you should use a different type of deed, such as a general warranty or special warranty deed. If you have questions about which property deed you should be using, you should seek legal advice.