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Property deeds and titles are often mistaken as the same thing, but in reality, they serve different purposes. While title signifies ownership, a deed is evidence of the transfer. Just like your name on a lunchbox represents ownership (title) and the receipt shows transfer of ownership, title in real estate refers to legal ownership of a property giving you the right to use and live in it as you wish. Title is a concept, not a physical document, granting you legal rights to the property.