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Paul Vojchehoske welcomes viewers to the Real Estate Classroom YouTube channel and encourages them to like, subscribe, and turn on notifications. He explains that a deed of trust, also known as a trust deed, is related to promissory notes and mortgages. Viewers are advised to watch a previous video on promissory notes and mortgages before continuing with this one to better understand the topic. The video will discuss deeds of trust in detail.