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In this video, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed, which varies by region. He mentions that this topic is closely related to a previous video on promissory notes and mortgages, emphasizing the importance of watching that video first for better understanding. Paul encourages viewers to like, subscribe, and turn on notifications for the Real Estate Classroom YouTube channel. He sets the stage for a detailed discussion on deeds of trust, indicating that it will clarify their function and relevance in real estate transactions.