No they are not the same. You need both to take legal ownership of a property.
The Deed is the actually physical evidence (document stating â€œthis Deedâ€) and is valid and enforceable.
Title is the legal term commonly used to explain the intricacy of property ownership. Title shows who has right or claims to the property and right of possession.
So, to make it simple the Deed says who owns the property and the Title shows if any liens, city violations, right of possession, easements and encroachments, mortgages, etc; exist against the property.
Deed and Title go hand and hand. The only way to convey title legally is with a deed.
In your case Not until the bank (seller) has the deed or certificate of title recorded they can not convey title to the buyer. Here in Florida this process takes about 2 months after the home is foreclosed.
This maybe the case with you. Ask your agent to find out from the seller's agent or to look up who shows as the owner of record.
Hope that helps,