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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the interest that the seller has, which may include existing liens on the property, thus putting the buyer at risk. Quitclaim deeds are commonly utilized in divorce scenarios, where one spouse conveys their interest to the other, or when parents transfer property to their children. They can also be used when a member of a limited liability company transfers their share of property to others. Viewers are encouraged to subscribe for more legal insights.