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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their key differences. He assures viewers that assembling a deed involves a straightforward process with similar required information for both types. Using blank templates he has previously utilized, Seth aims to demonstrate the basic steps for crafting these deeds. However, he cautions that these templates may not be applicable in all 50 states due to varying laws and statutes. He emphasizes the importance of understanding state-specific requirements before using any deed templates.