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In this video, attorney Robert Less discusses the risks of acquiring property via a quitclaim deed. He explains that a quitclaim deed only conveys the seller's interest in the property, which may come with existing liens, thus posing a significant risk to the buyer. Unlike a warranty deed, which offers more protection, quitclaim deeds are commonly used in situations such as divorce, where one spouse transfers their interest to the other, or when parents transfer property to their children. The video emphasizes caution when considering a quitclaim deed for property transactions.