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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 conveys only the interest of the property owner without guaranteeing that the title is clear, meaning the buyer may assume any existing liens. This poses significant risks for the buyer. Quitclaim deeds are commonly used in situations such as divorce, where one spouse transfers their interest to the other, or when parents transfer property to their children. They are also utilized when a member of a limited liability company transfers their share of a property. Less encourages viewers to subscribe for more legal insights.