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In this video, Paul Vojchehoske introduces the concept of a deed of trust, also known as a trust deed, highlighting its relevance in real estate. He emphasizes its relationship with a promissory note and a mortgage, suggesting that viewers watch his previous video on those topics for better understanding. Paul invites viewers to like, subscribe, and enable notifications before delving into the specifics of deeds of trust, preparing to explain their definition and function within the realm of real estate transactions.