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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, which may be subject to existing liens, exposing the buyer to potential financial risk. Quitclaim deeds are commonly used in divorce proceedings, where one spouse transfers their interest to the other, or when parents transfer property to their children. Additionally, they may be utilized when a member of a limited liability company transfers their share of a property. Less advises caution for buyers considering this type of deed.