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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, which guarantees clear title, a quitclaim deed only transfers the seller's existing interest, which may be affected by liens that the buyer assumes. This presents a significant risk for buyers. Quitclaim deeds are commonly used in divorce cases, where one spouse transfers their interest to the other, or in situations where parents convey property to their children. They are also utilized when a member of a limited liability company transfers their share of property to another member.