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In this video, attorney Robert Less discusses the risks associated with purchasing property using a quitclaim deed. He explains that a quitclaim deed transfers only the seller's interest, which may be subject to existing liens, leaving the buyer at significant risk. Unlike a warranty deed, it does not guarantee clear title. Quitclaim deeds are commonly used in divorce settlements, where one spouse conveys their interest to the other, or when a parent transfers property to their children. They are also used when a member of a limited liability company transfers their share of property. The video encourages viewers to subscribe for more legal insights.