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In this video tutorial, Seth explains the process of creating a warranty deed and a quitclaim deed, emphasizing their differences despite the similar information required in the documents. He indicates that forming a deed is straightforward regarding the necessary details and will demonstrate the process using blank templates from his experience. However, he cautions viewers that these templates may not be valid in all 50 states due to varying laws and statutes, advising against their blanket use without checking state-specific regulations.