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In this video, Seth explains the process of creating a warranty deed and a quitclaim deed, highlighting the significant differences between the two types. Despite these differences, the information required for both deeds is quite similar. Seth emphasizes that drafting a deed is a straightforward task regarding the necessary information and assembly. He will demonstrate the basics using blank templates previously used, but cautions that these templates may not be applicable in all 50 states due to varying state laws and statutes. Viewers are advised to ensure compliance with their specific state's requirements before using any templates.