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In this video, Paul Vojchehoske welcomes viewers to the Real Estate Classroom YouTube channel and encourages them to like, subscribe, and activate notifications. He introduces the topic of the deed of trust, also known as a trust deed, and highlights its relation to the previously discussed promissory note and mortgage. He suggests watching the earlier video on those topics to better understand the current discussion. Paul emphasizes the importance of grasping these concepts as they are interconnected, setting the stage for a detailed explanation of what a deed of trust is.