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In this video, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed, explaining its significance in real estate. He emphasizes the connection between a deed of trust, a promissory note, and a mortgage, noting that understanding these terms together is crucial. Paul suggests watching a previous video that covers the promissory note and mortgage for a better grasp of the topic. He concludes by gearing up to explain what a deed of trust is, inviting viewers to engage with his content by liking the video, subscribing, and clicking the notification bell for updates.