Glossary of Distressed Real Estate – Q

Qualifying Ratios – See “Mortgage Qualifying Ratios.”

Querin, Philip C. – Oregon attorney, with offices in Portland and Bend.  Author of this Distressed Housing Glossary. Website: www.q-law.com.

Quitclaim Deed – In Oregon this is one type of deed that can be used to convey an interest in real property.  The grantor conveying a quitclaim deed makes no warranties about the quality of the title conveyed – and, in fact, is not even representing that he/she is conveying any interest at all.  There are technical reasons why this is appropriate in all cases, and frequently, a bargain and sale deed may be more appropriate.  Before using or accepting a quitclaim deed the parties should secure competent advice.