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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. Unlike a warranty deed, which offers guarantees about the title, a quitclaim deed only transfers whatever interest the seller has, potentially leaving the buyer responsible for existing liens on the property. This creates significant risk for the buyer. Quitclaim deeds are often used in situations such as divorce, where one spouse transfers their interest to the other, or when a parent conveys property to their children. They may also be used when a member of a limited liability company transfers their share of property to another member.