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 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 special warranty deed guarantees some protection for the buyer but not as much as a general warranty deed. A Warranty Deed transfers real estate property title from one person or entity (grantor) to another person or entity (grantee). The General Warranty Deed warrants that the title is good and free of any defects. 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. What is the difference between a "warranty deed with vendors lien" and a "deed of trust"?