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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting that while these two types of deeds are fundamentally different, the required information for both is quite similar. He emphasizes that preparing a deed is straightforward regarding the necessary information and the assembly process. Seth will demonstrate this using blank templates, cautioning viewers that these templates may not be applicable in all 50 states due to varying laws and regulations. He advises against using the templates universally without confirming their applicability in individual states.