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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences despite having similar required information. He emphasizes that preparing a deed is a straightforward process, focusing on the essential details needed to assemble them. Seth will demonstrate using blank templates from his past experience but cautions viewers that these templates may not be applicable in all 50 states due to varying laws and requirements. He advises caution in using these templates and the importance of adhering to specific state regulations when preparing deeds.