A. Upon expiration of the redemption period, the Treasurer shall
execute a deed conveying the foreclosed property. The deed conveys to the
grantee the legal and equitable title in fee simple excepting only the liens of
the City or of other persons or entities which were not included in the
foreclosure sale or other liens as provided by state law. The deed,
however, shall not guarantee free or clear title.
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 grantee shall be entitled to immediate possession upon
delivery of the deed.