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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 types of deeds. He emphasizes that while the information required for both documents is quite similar, the process of creating a deed is relatively simple. Seth plans to demonstrate the basics using blank templates he has previously utilized. However, he cautions viewers that these templates may not be applicable in all 50 states due to varying state laws and statutes regarding deeds. Therefore, it's important not to use these templates indiscriminately without considering local legal requirements.