A Deed of Trust (also called a trust deed) isn’t like the other types of deeds; it is not used to transfer property. It’s really just a version of a mortgage.
A Deed of Trust is essentially an agreement between a lender and a borrower to give the property to a neutral third party who will serve as a trustee. The trustee holds the property until the borrower pays off the debt. The note lays out all the terms of the loan (repayment, interest, penalties, etc.).