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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting the differences between the two while noting that the required information is fairly similar. He emphasizes that drafting a deed is relatively straightforward and will demonstrate the basics using blank templates he has previously used. However, Seth cautions that these templates may not be valid in all 50 states due to varying laws and regulations, urging viewers to consider their specific state's requirements before use.