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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences and similarities. He emphasizes that while the types of deeds differ significantly, the information required for both is quite similar. Seth assures viewers that creating a deed is straightforward and will guide them through the basic process using blank templates he has previously utilized. However, he cautions that these templates may not be applicable in all states due to varying laws and regulations regarding deeds. Viewers are advised to research state-specific requirements before using any templates.