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In this video, attorney Robert Less discusses the risks associated with purchasing property using a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the interest the seller has, which may be subject to existing liens, putting the buyer at significant risk. Quitclaim deeds are often utilized in divorce situations where one spouse transfers property interest to the other, or when a parent conveys property to their children. They are also used when a member of a limited liability company transfers their share of a property. Robert encourages viewers to subscribe for more legal insights.