What is the difference between a debtor's right to redeem and a creditor's ability to obtain a deficiency judgment?

^4. We are aware that Life Savings Bank v. Wilhelm (2000) 84 Cal.App.4th 174 stated, "The debtor's right to redeem is a right related to the foreclosure sale and is entirely separate from the creditor's right to obtain a deficiency judgment." (Id. at p. 179.) This statement arose in the context of determining whether the three-month time after a foreclosure sale to apply for a deficiency judgment under section 726, subdivision (b) was a statute of limitation. It does not undermine our observation that the right of redemption attaches in a given case only if the court finds a deficiency judgment is available.