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In this video, Paul Vojchehoske from the Real Estate Classroom YouTube channel introduces the topic of deeds of trust, also known as trust deeds. He emphasizes the connection between deeds of trust, promissory notes, and mortgages, noting the importance of understanding these concepts together. Paul recommends viewers watch his previous video on promissory notes and mortgages first for better comprehension. He then prepares to delve into the details of deeds of trust, setting the stage for a more in-depth discussion of the topic.