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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 these differences, the required information is quite similar for both documents. He emphasizes that drafting a deed is a straightforward process, and he plans to demonstrate the basics using templates he has previously utilized. However, Seth warns viewers that these templates may not be applicable in all 50 states due to varying laws and statutes that must be incorporated into deeds based on state requirements. Viewers are advised to consider their local regulations before using the templates.