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In this video tutorial, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed. He emphasizes its relationship with a promissory note and a mortgage, recommending viewers watch a previous video on those topics for better context. Paul encourages viewers to engage with the channel by liking the video, subscribing, and enabling notifications. He indicates that understanding the deed of trust is essential for grasping its role in real estate transactions. The video aims to clarify what a deed of trust is and its significance in the real estate process.