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In this video tutorial, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences and similarities in terms of required information. He emphasizes that drafting a deed is a simple process, and he will demonstrate using blank templates he has used previously. However, he cautions viewers that these templates may not be applicable in all 50 states due to varying laws and regulations that must be considered when creating deeds. The tutorial aims to provide the basics needed for those looking to prepare these legal documents.