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In this video, Paul Vojchehoske introduces the topic of deeds of trust, also known as trust deeds, which vary by region. He emphasizes the relationship between a deed of trust, promissory notes, and mortgages, highlighting that they are interconnected. Paul recommends viewers watch his prior video on promissory notes and mortgages for a better understanding, providing a link for easy access. The tutorial aims to clarify the concept of deeds of trust, making it crucial to grasp the foundational knowledge from the previous video before proceeding.