There are two ways to transfer ownership interest of a property: Grant Deed: Transfers ownership of the property with some protection against a competing title claim. Quitclaim Deed: Transfers ownership of the property with no protection against competing title claims or existing liens. Depending on state law, the level of protection each deed provides will differ. In general, grant deeds are commonly used in most traditional real estate transactions and investments, where investors and homebuyers want to be protected against competing titles. Quitclaim deeds are commonly used by family members and people familiar with each other and trust their partners in the transfer.