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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences while noting that the information required is fairly similar. He emphasizes that drafting a deed is a straightforward process in terms of the necessary information. Seth will demonstrate how to fill out the basics using blank templates he has previously used. However, he cautions viewers that these templates may not be applicable in all states, as different laws and requirements must be considered based on the specific state where the property is located.