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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences. Although the information required for both deed types is similar, the process is straightforward. He will demonstrate the basics using blank templates he has previously used. However, Seth advises viewers that these templates may not be valid in all 50 states due to varying laws and requirements. Therefore, users should be cautious and ensure compliance with their state's specific regulations when preparing deeds.