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In this video, attorney Robert Less discusses the risks associated with purchasing property through a quitclaim deed. He explains that a quitclaim deed transfers only the seller's interest in a property, which may include existing liens that the buyer must assume, thus posing a significant risk. Quitclaim deeds are commonly used in divorce situations where one spouse conveys their property interest to the other, as well as in transfers from parents to children and among members of limited liability companies. Robert encourages viewers to subscribe to his channel for more legal insights.