Good question. A general warranty deed is the best deed that a person can receive when getting real property into his or her name. This type of deed warrants that the grantor has the ownership of the property being transferred.A deed of trust is a document used to evidence a loan and actually is recorded on a piece of property as security for the loan. A trust deed is similar to a mortgage. A trust deed does not convey legal title to real property like a warranty deed does.