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Paul Vojchehoske welcomes viewers to the Real Estate Classroom YouTube channel and introduces the topic of a deed of trust. He explains that a deed of trust, also known as a trust deed, is related to promissory notes and mortgages. He recommends watching a previous video on promissory notes and mortgages for better understanding. Paul provides a link to that video and encourages viewers to watch it before continuing with the current video. The discussion on deeds of trust begins.