Quit Claim Deed

Grant Deed is a better way of doing it, you can transfer as a Gift to your parents and there should be no Tax issues either.

Depends on what state but in Florida here is the scenario:Filing a quit claim transfers whatever interest you may hold in a piece of property to another party. You must include a proper legal description of the property in question in your quit claim deed. You must sign in front of two disinterested witnesses in Florida, which is not the case in some other states, and sign in front of a Florida Notary Public. Your quit claim should then be recorded in the county clerk's office. To record, you must pay the applicable taxes and fees at the same time.

contact me if you are in NJinfo@cfcmortgageonline.com

Here's a link from American Title. It has the different documents and locations throughout California. http://www.firstamericantitle.com/blank_documents.php