WHAT IS A WARRANTY DEED AND A DEED OF TRUST?
The General Warranty Deed is a deed containing a covenant whereby the seller (Grantor) agrees to protect the buyer (Grantee) against being dispossessed because of any adverse claim against the land. It is also an instrument by which the buyer obtains title to the property being sold. The Deed of Trust is a conveyance of land title by a maker of a note (Debtor), to a third party trustee, as collateral security for the payment of the note with the condition that the trustee shall reconvey the title to the debtor upon payment of the note; and with power in the trustee to sell the land and pay the note in the event of a default on the part of the debtor. It is a lien on the property to insure payment of the money due to the lender.
