X$,$Y and Z are partners in the operation of a movie house. The theater was mortgaged to A who foreclosed the mortgaged debt. Z in his own behald, redeemed the property with his own personal funds. Subsequently, Z filed a petition for the cancellation of the title in the partnership's name and the issuance of a new title under Z$\text{'}$s name as new owner. Did Z become the absolute owner of the property? Explain fully.