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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their significant differences. While the required information for both types of deeds is similar, Seth emphasizes that the creation process is straightforward. He will demonstrate using blank templates that he has previously utilized. However, he warns viewers that these templates may not be valid in all 50 states due to varying laws and legal requirements for deeds. Therefore, it's essential to ensure compliance with state-specific regulations before using the provided templates.