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Attorney Robert Less discusses the risks of purchasing property through a quitclaim deed in this video. Unlike a warranty deed, a quitclaim deed only transfers the seller's existing interest in the property, which may be subject to liens that the buyer then assumes. This creates potential liabilities for the buyer. Quitclaim deeds are commonly used in situations like divorce, where one spouse transfers their interest to the other, or when parents transfer property to their children, as well as in transfers within limited liability companies. Viewers are encouraged to subscribe for more legal insights.