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In this video, attorney Robert Less discusses the risks associated with purchasing property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the seller's interest in the property, which may be affected by existing liens that the buyer then assumes. This creates a significant risk for the buyer. Quitclaim deeds are often used in situations like divorce, where one spouse transfers their interest to the other, or in cases where parents transfer property to their children. They are also used for transfers between members of a limited liability company. Viewers are encouraged to subscribe for more legal insights.