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In this video, Seth explains how to create a warranty deed and a quitclaim deed. He highlights that while these two types of deeds are fundamentally different, the information required for both is quite similar. Seth assures viewers that formulating a deed is straightforward, as he will demonstrate using blank templates. He also emphasizes that these templates may not be applicable in all states due to varying laws and statutes, urging viewers to verify their local regulations before using them. The tutorial aims to provide a basic understanding of the process involved in drafting these legal documents.