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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting the significant differences between the two types despite their similar required information. He emphasizes that drafting a deed is a straightforward process regarding the information needed and its assembly. To illustrate, Seth will use blank templates he's previously employed. However, he cautions viewers that these templates may not be universally applicable across all 50 states due to varying laws and statutes, advising against their use without proper state-specific adjustments.