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In this video, attorney Robert Less discusses the risks of purchasing property through a quitclaim deed. He explains that a quitclaim deed transfers only the seller's existing interest in the property, which may be burdened by liens that the buyer would then assume, making it a risky choice. Unlike a warranty deed, a quitclaim deed offers no guarantees regarding the property’s title. These deeds are often used in divorce settlements where one spouse transfers property interest to the other, or when parents pass property to their children. Additionally, they can be utilized by members of a limited liability company transferring their share of property.