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Many people mistakenly believe that property deeds and titles are the same, but they serve different purposes. In real estate, "title" refers to ownership, while a "deed" serves as evidence of ownership transfer. For example, a lunch box with a name on it represents title because it indicates who owns it, whereas a receipt from the store acts as the deed, proving the transfer of ownership. Title is a legal concept signifying your rights to a property, including the right to live in and use it. Therefore, while the deed is a physical document that shows the transfer, the title embodies the actual ownership rights.