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In this video, attorney Robert Less discusses the risks of purchasing property using a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the seller's interest in the property, which may come with existing liens that the buyer inherits. This poses significant risks for buyers. Quitclaim deeds are often used in divorce situations, where one spouse transfers their ownership to the other, or when a parent conveys property to their children. They are also applicable when LLC members transfer their share of property. Robert encourages viewers to subscribe to his channel for more legal insights.