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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences while noting that the information required for both is quite similar. He emphasizes that drafting a deed is a straightforward process, focusing on the essential information needed. Seth will demonstrate using blank templates he's previously used, but cautions viewers that these templates may not be applicable in all 50 states due to varying laws and statutes. He advises against using these templates universally without ensuring they comply with specific local requirements.