The major difference between a grant deed vs deed of trust has to do with the presence of a loan and future obligations. A Deed of Trust is a legal document similar to a home mortgage.It guarantees a real estate transaction between a lender and a borrower. If you gift the home to your child or add them to the deed, you may be vulnerable to losing the property while you are still alive. Here are the six steps to transfer your house to your living trust. They're really simple once you know what to do it's a very simple process. A warranty deed guarantees that a seller owns the property free and clear of liens. A gift deed signifies a voluntarily title transfer from a "grantor" (the giver) to a "grantee" (recipient). The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. The deed of trust ensures that the property is collateral for the loan in the event that the borrower doesn't make their payments.