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In this video tutorial, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed, which varies by region. He recommends watching his previous video on promissory notes and mortgages, as these three components are interconnected. He emphasizes that understanding the promissory note and mortgage will enhance viewers' comprehension of the deed of trust. A link to the earlier video is provided for convenience. The tutorial aims to explain what a deed of trust is and its significance in real estate transactions.