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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 interest, which may be encumbered by liens that the buyer then assumes. This situation poses significant risks for the buyer. Quitclaim deeds are commonly utilized in scenarios like divorce, where one spouse conveys their interest to the other, or when a parent transfers property to their children. Additionally, they are used when a member of a limited liability company shares their property interest with others. The video encourages viewers to consider subscribing for more legal insights.