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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting the significant differences between the two types while noting that the information required is quite similar. He emphasizes that drafting a deed is a straightforward process concerning the necessary information and its assembly. Seth intends to demonstrate the basics using blank templates that he has utilized previously, with a crucial warning that these templates may not be applicable in all 50 states due to varying laws and statutes that must be incorporated into deeds depending on the property's location.