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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting that although these two types of deeds differ significantly, the information required for both is fairly similar. He emphasizes that drafting a deed is a straightforward process regarding the necessary details. Seth will demonstrate the basics using blank templates from his past. However, he cautions viewers that these templates may not be applicable in all 50 states due to varying laws and requirements, urging caution before using them.