Legal Question in Real Estate Law in California

Sometimes never. That way the borrower gets stuck with the property tax bill and other headaches.

The time can vary, but once the property has been foreclosed upon the paper bids it loan and the property is "sold' to them. Then it is up to the bank as to how fast they want to move. Different banks in different areas at different times take different lengths of time to complete the transactions. The contract you have signed states when escrow is to close; you can phone up the escrow agent and see if they have all the papers they need.

The bank receives title to the property that they have foreclosed on as soon as they record the Trustee's Deed Upon Sale.

If the bank has a buyer for the foreclosed property, it would make sense for it to act quickly to have their trustee issue and record the Trustee's Deed Upon Sale. "Next business day" would be usual. A trustee's deed normally is effective as of 8 a.m. of the date of sale if recorded within 15 days - see Civil Code section 2924h(c).