When browsing through your titles. Titles that have not been unlocked may appear to be under your possesion in this example "The Gracious". This can also happen for incomplete challanges. The challange "Spooky Champion" claims that when complete, will give you the "Ghost Of" Title but although the challange has been complete, no title is gained.

Proof Of Challange Being Done #1

Proof Of Challange Being Done #2

Proof Of No Title Being Gained Along With A Not Unlocked Title Appearing.