Quitclaim deed
A deed that transfers whatever interest the signer has in a property, if any, with no warranty of title.
Definition
A quitclaim deed transfers whatever interest the signer has in a property, if any, with no warranty of title. The person receiving it gets no promise that the signer actually owns the property or that it is free of liens.
Quitclaim deeds are common between family members, to add a name to title, to move property into an LLC or trust, or to release a co-owner's interest, such as when one heir buys out another. They are a poor way to buy from a stranger, because you take on any title problems the deed does not mention. If you buy on a quitclaim, get a full title search and title insurance first. A recorded quitclaim between relatives soon after a death can also tell you who now controls an inherited house. Some county recorders, including Los Angeles County's, mail the owner a copy when a deed or quitclaim deed is recorded against their property, as a check against deed fraud.
Source: lavote.gov
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