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In this video, attorney Robert Less discusses the risks of acquiring property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the interest the seller has, which may be subject to existing liens that the buyer would then assume. This can present significant risks when purchasing property. Quitclaim deeds are commonly utilized in situations such as divorce, where one spouse conveys their property interest to the other, or when a parent transfers property to their children. They may also be used when a member of a limited liability company shares their property interest. For more legal insights, viewers are encouraged to subscribe to the channel.