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A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.
The Note is signed by the people who agree to pay the debt (the people that will be making the mortgage payments). The Deed and the Deed of Trust are signed by those who will own the property that is being mortgaged.
It is necessary to use a warranty deed to secure the grantees legal ownership and claim to the property. Warranty deeds and quitclaim deeds are often used in conjunction with one another.
A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.
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The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they havent sold the property to anyone else, and that it is clear of any liens or restrictions.
A grant deed is a transaction between two people or entities without securing the property as collateral. A deed of trust is used by mortgage companies when a homeowner takes out a loan against the property.
Grant deeds are not the same as a mortgage. Grant deeds (and other types of deeds) are used to transfer real estate ownership from a seller to a buyer. On the other hand, a mortgage is a conditional transfer or pledge of real estate as security (collateral) for the payment of a debt.
California mainly uses two types of deeds: the grant deed and the quitclaim deed. Most other deeds you will see, such as the common interspousal transfer deed, are versions of grant or quitclaim deeds customized for specific circumstances.
A grant deed is used to transfer ownership of real property, often in conjunction with tax or foreclosure sales. It offers more protection to the buyer than a quitclaim deed but less than a general warranty deed.

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