Disbursement Of Funds After Foreclosure Sale

I would like to find out the specifics, of how the fund are handled after the property is bought at the foreclosure sale. In other words, when someone purchases a property at the sale and hands over the money to the auctioneer, who exactly handles the disbursement. Also if there is more paid for the property then what is needed to cover all liens, where does go initially, and what happens to it. I understand this process generally, but more interested in specifics, especially for California.

Thank You.