Here is a very simple MWE :
figure
x = 1:10;
plot(x)
title('mytitle','interpreter','none')
And the result with no title showing :

I am under Windows 7, Matlab R2015a. I do want the interpreter to be set to 'none' because I will be working with titles containing consecutive underscores - which would fail in Latex. And when I open the figure properties dialog and double-click on the title, it appears and is editable. Once I unselect it though, it disappears again. Help...
_with\textunderscore:title(strrep('my__title', '_', '\textunderscore '), 'interpreter', 'latex')- Suevertitlethat you used in your initial post? Is that an overloaded function? If so, it's not really a MWE. - Suever