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A deed and title are often thought to be the same, but they serve different purposes. Title signifies ownership, while a deed is evidence of transfer. For real estate, title signifies legal ownership, giving rights to live in and use the property. It is a concept, not a physical document. A deed is similar to a receipt, providing evidence of transfer of ownership like a lunchbox labeled with your name by your mother representing ownership and a receipt from the store indicating ownership transfer.