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In this video, attorney Robert Less discusses the risks associated with purchasing property using a quitclaim deed. Unlike a warranty deed, a quitclaim deed transfers only the seller's interest in the property, which may be subject to existing liens that the buyer then assumes. This creates significant risk for the buyer. Quitclaim deeds are often used in divorce situations, where one spouse transfers their interest to the other, or when parents transfer property to their children. They are also utilized when a member of a limited liability company transfers their share of a property. Viewers are encouraged to subscribe for more legal insights.