Quitclaim deeds are another type. It is sometimes mistakenly called a quick claim deed. Specifically designed to convey any interest that the grantor might have in the property, quitclaim deeds are often used when a couple divorces and one party wants to deed the property to the other partner. In a divorce, one spouse sells the property and the other spouse signs a quit claim deed so that the buyer never has to worry about a dispute that emerges after the divorce is final. A quitclaim deed exactly what it sounds like. It allows a potential grantor to assure the grantee that he or she has quits any claim on the property. The operative words of conveyance are along the lines of "convey and quit claim".
There are special circumstances when other real estate deeds are necessary. For instance, if the real estate transaction involves property with unpaid taxes, a tax deed is usually required to clarify and indemnify the conveyance of the title to the buyer.
A release deed or a deed of reconveyance is held by a trustee under a deed of trust loan and when the loan is repaid, it releases (or conveys) the deed back to the grantor.
If you want to sign your land over to your children, you need a property deed. Any change at all in ownership or status requires legal documentation (just another name for a deed). Of course, once you sign a deed, you have to file the deed with the authorities. Usually this means having it recorded at the County Recorders office or with the Recorder of Deeds. This action is referred to as the transfer or the conveyance of the deed and it takes place once the grantee accepts the conditions and the grantor signs the document and has it notarized.