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In this video, attorney Robert Less discusses the risks of purchasing property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the seller's interest, which may come with existing liens, placing the buyer at significant risk. Quitclaim deeds are often used in situations such as divorce, where one spouse conveys their interest to the other, or when a parent transfers property to their children. They can also be applicable in transfers between members of a limited liability company. For more legal insights, the audience is invited to subscribe to the channel.