Is a quit claim deed reversible? Can the original owner rescind the transfer?

The original owner can't just take it back or rescind the quit claim. There may be some written stipulations attached to the quit claim that they may take back the property under certain events that have taken place for example, the death of the grantee, then the grantor takes back the property as stipulated in the granting. If the grantor grants 100% to the grantee without any stipulations, then the grantee has no obligations to the original grantor other than what a divorce or common law marriage settlement would dictate in a settlement of assets or a will or business partnership settlement. If there is no will, the property will go into probate for estate settlement by the executor or administrator and attorney and the original grantor will not have any claim unless they are an heir or have any rights under community property unless something was stipulated to have it revert back to the original grantor. A grantor can also stipulate that the property be granted to a third party on a certain event, for example, the grantor granted the quit claim for the life of the grantee then it reverts to their friend. Additionally, the person who receives the land, the grantee, can also quit claim it to someone else who may have rights under certain conditions. The grantee is now the grantor. The grantee can only transfer their ownership, if it is not joint tenancy on title but it is best to check with an attorney to find out what the rights are of the grantor and the grantee if it is in question. It can become confusing under certain circumstances.