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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences while noting the similar information required for both documents. He assures viewers that the process of drafting a deed is straightforward and will demonstrate this using blank templates he has previously used. However, he cautions that these templates may not be applicable in all 50 states due to varying laws and statutes. It is important to be aware of specific legal requirements based on the state where the property is located before using any templates.