A. The Treasurer shall immediately deliver a certificate of sale
to the purchaser. The certificate of sale is a right to own the property
at the end of the redemption period. The holder of a certificate of sale
has no ownership rights and no possessory interest in the property prior to the
completion of the redemption period and holds the certificate of sale subject to
the rights of all persons having an interest in the property to redeem it, the
City to place additional liens on the property and the right of the right of
another unit of government to foreclose upon the property. All liability
remains with the persons having an interest in the property until a deed is
given to the purchaser.
B. The certificate of sale shall include the following
information: a description of the delinquent account for which the property was
sold, a description of the property, a statement of the amount for which it was
sold, the interest rate and the amount of the penalty, the name of the
purchaser, and a statement that the property is being sold subject to the right
of redemption within one year from the date of sale.
C. The Treasurer shall send to the property owner and all
persons known to have an interest in the property a “Notice of the
by certified mail, return receipt requested and by first class mail, within 10
working days after the sale. Notice shall be sent to any persons known to
have acquired an interest in the property since initial notice was given unless
a notice was recorded. The notice shall contain the following information:
the name of the purchaser, the right of redemption, the date the redemption
period expires, the redemption price, and the basis for calculating interest and
penalties during the redemption period.
D. It shall be the responsibility of the purchaser to keep the
purchaser’s current address on file with the Treasurer.