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In this video tutorial, Seth explains how to create two types of deeds: warranty deeds and quitclaim deeds, highlighting their key differences. He emphasizes that while the deeds serve different purposes, the information required for both is fairly similar. Seth notes that preparing a deed is a straightforward process that involves filling out essential details. He will demonstrate using blank templates, but cautions viewers that these specific templates may not be valid in all 50 states due to varying laws and regulations. Viewers are advised to be aware of their state's requirements before using any templates.