it depends on your lender's requirements and whether you qualify for any special government sponsored programs helping homeowners avoid foreclosure.   For instance, under the Foreclosure Atlernative Program (part of the Making Home Affordable Program), borrowers should have at least 90 days to market and sell the property, with possibly more time based on local market conditions. The property must be listed with a licensed realtor experienced in selling properties in the neighborhood. Marketing of the property may run concurrently with the foreclosure process, however no foreclosure sale can take place during the marketing period specified in the Short Sale Agreement as long as the borrower is acting in good faith to sell the property. There will be a maximum marketing period of 1 year for the property, provided any longer period not otherwise delay foreclosure sale, to ensure diligence by servicers and borrowers in moving as quickly as possible to complete the short sale.

Foreclosure Sub-categories