A treasurers deed transfers ownership of real property free and clear of all liens. It is generally a deed issued in a tax sale, so that the buyer is buying the property from the county. This title is not necessarily a warrantable title. A tax sale treasurers deed can be set aside by the courts if it is determined that the tax sale purchaser was ineligible to bid at tax sale. You have full rights of ownership but you must take care to follow statutory redemption or the legal challenge periods usually for one year following the purchase before you can resell it. Treasurers deeds are governed by state and local laws, which vary by jurisdiction, so local laws should be consulted for specific requirements.