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In this video, Paul Vojchehoske introduces the concept of a deed of trust (or trust deed), highlighting its relevance in real estate transactions. He emphasizes that a deed of trust works alongside a promissory note and a mortgage, and suggests viewers watch his previous video discussing these concepts for a better understanding. Paul encourages audience engagement by asking viewers to like and subscribe to the channel. He sets the stage for a detailed discussion on deeds of trust, indicating that this video will build on the foundational knowledge shared in the prior video.