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In this video, attorney Robert Less discusses the risks associated with purchasing property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the seller's existing interest in the property, which may be subject to existing liens that the buyer assumes. This poses a significant risk for buyers. Quitclaim deeds are commonly used in divorce cases for transferring property between spouses, or when parents transfer property to their children. They are also used when a member of a limited liability company transfers their share of a property. Less encourages viewers to subscribe for more legal insights.