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City of Portland

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5.31.090 Issuance of Deed.

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.