There are two types of foreclosure that are allowed in the state of California, Judicial Foreclosure and Non-Judicial Foreclosure.
Notice of Default (NOD)
Start of foreclosure process. Initial notice recorded when borrower does not meet terms of loan.
CC 2924c.(a)(1)
Notice of Trustee Sale
Sets auction date. Can be recorded 90 days after Notice of Default. CC 2924 c. (b)(1)
Auction
Initial auction date can be just 14 days after Notice of Trustees Sale is recorded. CC 2924 f. (b)(1)
Auctions can postpone for up to one year. CC 2924 g. (c)(1)
Postponement
Link to Postponement info
Trustee’s Deed
Transfers property to winning bidder or to foreclosing bank if no bids are received. CC 2924 h. (c)