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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their significant differences. He notes that while the information required for both types of deeds is quite similar, the process of assembling them is straightforward. Seth will demonstrate the basics using blank templates he has previously used, but cautions viewers that these templates may not be applicable in all states due to varying laws and requirements. He emphasizes the importance of understanding specific state regulations before using any deed templates.