Final answer:
The purchaser at a mortgage foreclosure sale receives the deed after any statutory redemption period ends, which varies by state.
Step-by-step explanation:
The purchaser at a mortgage foreclosure sale generally receives the deed after any statutory redemption period has ended. The length of this redemption period, which allows the original owner the chance to reclaim the property by paying off the debt, can vary by state and sometimes by the specific circumstances of the foreclosure. In some states, there is no redemption period, which means the purchaser may receive the deed shortly after the foreclosure auction. In others, there can be a redemption period of 6 months, 1 year, or a different specified time frame. The correct answer to the question of when the purchaser receives the deed after a foreclosure sale will therefore depend on the state law applicable to the foreclosure proceeding.