Escrow & Title
In New York, a 'tax title' (also called a tax deed) is issued when:
AA property owner pays taxes early
BThe government acquires property through a tax sale after the owner fails to pay property taxes, then conveys it to a purchaser✓ Correct
CA title company issues a guarantee of tax payments
DThe property is donated to the municipality
Explanation
A tax deed is issued by the government after it acquires tax-delinquent property through a tax sale or in rem foreclosure. The deed conveys title to the property to the tax sale purchaser or municipality, subject to any redemption rights.
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