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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting that although the two types are quite different, the information required for each is similar. He emphasizes that drafting a deed is relatively straightforward and aims to demonstrate the basics using blank templates he has used in the past. However, he cautions viewers that these templates may not be applicable in all states, as different states have various laws and requirements that must be incorporated into the deeds.