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In this video, Seth explains how to create warranty deeds and quitclaim deeds, highlighting their differences while noting that the required information is similar. He emphasizes that drafting a deed is a straightforward process concerning the information needed. Seth will demonstrate the basics using blank templates he has previously used, but he warns that these templates may not be applicable in all 50 states due to varying state laws and statutes. Therefore, viewers should be cautious and ensure compliance with their specific state's requirements before using the templates.