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In this video, attorney Robert Less discusses the risks of purchasing property via a quitclaim deed. He explains that while a quitclaim deed transfers the owner's interest to another party, it does not guarantee that the interest is free from liens or other claims. This means that the buyer assumes potential liabilities associated with the property. Quitclaim deeds are often used in divorce cases, where one spouse conveys their interest to the other, or when property is transferred from a parent to their children. They are also common in situations involving members of a limited liability company transferring their shares of property. It's important for buyers to be aware of these risks.