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In this video, Seth explains how to create a warranty deed and a quick claim deed, emphasizing that while these two types of deeds are quite different, the information required for both is similar. He demonstrates the process of preparing a deed, using blank templates based on his previous experience. However, he cautions viewers that these templates may not be applicable in all 50 states due to varying state laws and requirements for deeds. The tutorial aims to provide a basic understanding of deed preparation.