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guardian deed. Court appointed deed given to a guardian in charge of the sale of real estate. A guardian deed is granted when the original owner is incapable of making decisions regarding their personal affairs or property.
A Deed of Trust is a legal document, filed at the register of deeds office, that secures the lenders interest in the borrowers property in case of default by the borrower.In most states, the Deed of Trust transfer legal ownership in the property to a Trustee.The Trustee then holds the property in trust for the benefit of both the lender and borrower. As long as the borrower pays his mortgage according to the terms of the Note, the Trustee takes no action.n most states, the Deed of Trust transfer legal ownership in the property to a Trustee. The Trustee then holds the property in trust for the benefit of both the lender and borrower. As long as the borrower pays his mortgage according to the terms of the Note, the Trustee takes no action.