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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. He explains that a quitclaim deed only transfers the seller's interest in the property and does not guarantee that the title is free of liens or other claims. This means that buyers may unknowingly assume significant liabilities. Quitclaim deeds are commonly used in divorce settlements, where one spouse transfers their interest to the other, or when parents transfer property to their children. They are also used when a member of a limited liability company (LLC) transfers their property share to another member. Viewers are encouraged to subscribe for more legal insights.