What is a quitclaim deed?
A quitclaim deed, as the name implies, is a deed that allows you to change the owners of real property by allowing current owners to simply "quit" their claim. Meaning, of course, that the owners are giving up their rights to their property in favor of someone else.
A quitclaim deed is a very simple document that implies no warranty or guarantee beyond the person quitting the claim and giving up their rights, if any, to the property. It's the "if any" part that should cause people to sit up and pay attention. You should never accept a quitclaim deed from someone you don't know very well. Many a common swindle has originated with a quitclaim deed.