A warranty deed guarantees that a seller owns the property free and clear of liens. While a general warranty deed protects the buyer against all possible title defects, a special warranty deed offers a bit less protection for the grantee.A special warranty deed guarantees some protection for the buyer but not as much as a general warranty deed. A Texas Deed of Trust creates a lien on property to secure a Promissory Note. These are two documents needed for real estate loans and seller financing. A Deed of Trust in Texas transfers title of real property in trust. It is the equivalent to a mortgage used in other states and provides a secured interest. A General Warranty Deed Texas is the gold standard of deeds and is the most common deed used in real estate transactions. That means if the buyer defaults the deed of trust allows you to accelerate the note and foreclose under the Deed of Trust.