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In this video, attorney Robert Less discusses the risks of acquiring property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only conveys the interest the seller possesses, which may be burdened by existing liens. This means the buyer assumes significant risk when purchasing property under a quitclaim deed. These deeds are often utilized in divorce situations, where one spouse transfers their interest to the other, or when parents transfer property to their children. They can also apply when a member of a limited liability company transfers their share of property to another member. Viewers are encouraged to subscribe for more legal insights.