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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 transfers only the seller's interest in the property, which may be subject to existing liens that the buyer then assumes. This poses significant risks to buyers, as they may inherit unknown liabilities. Quitclaim deeds are commonly used in divorce settlements, where one spouse transfers their interest to the other, or in situations where a parent conveys property to children. The video emphasizes the need for caution when relying on quitclaim deeds for property transactions.