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Paul Vojchehoske from the Real Estate Classroom YouTube channel introduces the concept of a deed of trust, also known as a trust deed, in this video. He explains that it is related to promissory notes and mortgages, with all three documents playing a crucial role in real estate transactions. Paul recommends viewers watch his previous video on promissory notes and mortgages before diving into the topic of deeds of trust. He provides a link for easy access to that video. The video will discuss the intricacies of deeds of trust, setting the stage for a detailed explanation.