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In this video, Seth explains how to create a warranty deed and a quitclaim deed, emphasizing that while these types of deeds are quite different in function, the information required for both is largely similar. He assures viewers that the process of creating a deed is straightforward and will provide basic guidance using blank templates he has previously used. However, he cautions that the templates shown may not be applicable in all 50 states due to varying laws and regulations that must be considered when drafting deeds based on specific state requirements.