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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. He emphasizes that while the types of deeds vary, the required information for preparation is quite similar. Seth aims to demonstrate the basics of creating a deed using blank templates he has previously utilized. However, he cautions viewers that these templates may not be applicable in all 50 states due to differing laws and requirements that need to be considered based on the specific state of the property.