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A. Upon expiration of the redemption period, the Treasurer shall
execute a deed conveying the property sold. The deed conveys to the
grantee the legal and equitable title in fee simple. B. The deed shall contain the following information: a
description of the property, the date of sale, a statement of the amount of the
delinquent account for which the property was sold, that the account was unpaid
at the time of sale and that no redemption has been made.
C. The deed conveys title in fee simple excepting only for the
liens of the City which were not included in the foreclosure sale or other liens
as provided by state law. The deed, however, does not guarantee clear
title.
D. The grantee shall be entitled to immediate possession upon
delivery of the deed.
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