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In this video, Seth explains how to create a warranty deed and a quick claim deed, highlighting their differences. He emphasizes that while the two types of deeds vary significantly, the information required for both is quite similar. Seth aims to demonstrate the basics of deed preparation using templates he has previously utilized. However, he cautions that these templates may not be applicable in all 50 states due to varying laws and requirements for deeds. Viewers should be aware of their specific state regulations before using the templates provided.