Upon the acceptance or purchase of the tract or parcel of land as provided in Section 3-33-27 or 3-33-28 N.M. Stat. Ann., title to the tract or parcel of land, subject to the right of redemption provided by Subsection A of Section 3-33-30 N.M. Stat. Ann., vests in the trustee of the fund from which the assignable certificates or bonds are payable.