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Attorney Robert Less discusses the risks associated with purchasing property through a quitclaim deed in this video tutorial. A quitclaim deed conveys only the interest the seller has, without guaranteeing that the title is clear of liens or other claims. This means that buyers assume potential liabilities attached to the property. Quitclaim deeds are commonly used in divorce situations, where one spouse transfers their interest to the other, or when a parent gives property to their children. They can also be used when an LLC member transfers their share of property to another member. Be cautious when accepting a quitclaim deed, as it carries significant risks.