Trust Deed Sale California

Question: California defaulted Trust Deed note sale?
We have a second Trust Deed on a property in California, and the person in the third position has filed for default. It went to sell and no one place a bid on the property. Since no one place a bid on this property, how many days does the new owner have to pay us off by law.
Answer: 30
Home For Sale in El Dorado Hills, CA. $ 2700000 - Realty Times