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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. He explains that a quitclaim deed transfers only the seller's interest in the property, which may be subject to existing liens, meaning the buyer assumes any related liabilities. This form of deed is often used in divorce settlements, where one spouse transfers their property interest to the other, or when a parent gives property to their children. It's important to be aware that relying on a quitclaim deed can pose significant risks to the buyer.