The third and final type of commonly used Deeds is a Quitclaim Deed. This is, without question, the weakest instrument one could use to convey property.
Where a Warranty Deed guarantees that the seller owns the property, and is selling it to a buyer, and will defend the title and give the three promises, the Quitclaim Deed contains none of these guarantees.
Basically, a Quitclaim Deed states. if the seller has an interest in the property, they are giving it to the buyer. Notice the word IF. In other words, "if it turns out that I have an ownership in this property, then I'm giving whatever interest I may have to you, Ms. Buyer." It would be perfectly legal for me to give you a Quitclaim Deed to the White House. if I have an interest in it, I'm giving it to you.
There are no guarantees with a Quitclaim Deed, and the seller is making no promises. It just doesn't give the buyer any security.