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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting that while the two types of deeds are different, the required information is quite similar. He assures viewers that the process of creating a deed is straightforward and intends to show the basics using blank templates he has previously used. Seth notes that these templates may not be applicable in all 50 states due to varying laws and statutes, emphasizing the importance of ensuring compliance with local regulations before using the templates.