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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. He explains that unlike a warranty deed, a quitclaim deed only conveys the seller's existing interest in the property, which may be subject to liens, thereby placing the buyer at significant risk. The quitclaim deed is commonly used in divorce situations to transfer property interests between spouses or for a parent transferring property to children. Additionally, it may involve members of a limited liability company transferring their property shares. Robert also encourages viewers to subscribe for more legal content.
