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In this video tutorial, Paul Vojchehoske introduces the concept of the deed of trust, also known as a trust deed, which varies by region. He emphasizes that a deed of trust, along with a promissory note and a mortgage, are interconnected elements in real estate transactions. He recommends viewers watch his previous video on promissory notes and mortgages first for better understanding, and provides a link to that video. The tutorial aims to clarify what a deed of trust is and its significance in the context of real estate financing.