What is the considered as 'closing date' in Judicial Sale?

[James B.]

Hello BP geeks,

I do have the following question - what should be considered as the "closing date" for a property sold through a Judicial Sale? As an example, here are few dates:

1. The date when the bidder won the auction (and got receipt of sale)?
2. The date when the bidder paid the amount in full (and got certificate of sale)?
3. The date when the judge approved the sale (i.e. the date of the issuance of the court order)?
4. The date when the deed was issued (i.e. days after after the approval of the sale)?
5. The date when the buyer is granted with rights of possession (usually 30 days after the approval of the sale)?
6. Some other date... :)

What do you think?

Your input here will be much appreciated.

Thanks!