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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" signifies ownership, while a "deed" is evidence of transfer. The analogy is made to a lunch box: the name written on it represents title (ownership), while a receipt for purchase serves as the deed, proving the transfer of ownership. Title is a concept rather than a physical document, indicating legal ownership of property and granting rights to live in and utilize the property. A deed, in contrast, simply serves as proof of that ownership transfer.