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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their key differences. Both types of deeds require similar information, making the creation process relatively straightforward. Seth plans to demonstrate the basics using blank templates he has used before. However, he warns viewers that these templates may not be suitable for all states, as various states have different laws and statutes that must be incorporated into the deeds. Therefore, viewers should exercise caution and ensure they adhere to their specific state requirements when using the templates.