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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 whatever interest the seller has, which may be affected by existing liens that the buyer then assumes. This can pose significant risks for buyers. Quitclaim deeds are commonly used during divorce settlements, where one spouse transfers their interest to the other, or when parents give property to their children. They are also utilized when a limited liability company member transfers their ownership share to another member. For further insights, viewers are encouraged to subscribe to the channel.