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In this video, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed, which varies by region. He recommends viewers watch a previous video on promissory notes and mortgages, as these concepts are interconnected. Paul emphasizes that understanding the relationship between a deed of trust, a mortgage, and a promissory note is crucial for grasping the content of this video. He encourages viewers to interact with the video by liking it, subscribing, and turning on notifications. The discussion will further elaborate on what a deed of trust entails.