When the action is not brought within the time limited or if on hearing the presiding judge decides that the proceedings on execution were legally sufficient, a levy, sale, and deed shall be valid to convey the right, title, or interest that the judgment debtor had at the time of the levy in the real estate sold and shall be conclusive evidence of the title in the estate against the debtor or his or her representatives. (Amended 1971, No. 185 (Adj. Sess.), § 71, eff. March 29, 1972.)