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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 emphasizes the connection between a deed of trust, promissory notes, and mortgages, and recommends watching a previous video on promissory notes and mortgages for context. The video aims to clarify the function and significance of deeds of trust in real estate transactions. Paul invites viewers to engage by liking the video, subscribing to the channel, and turning on notifications.