There are several options other than foreclosure that may work for you. Even if you're months behind I can help you. A foreclosure on you record will ruin your credit for many years. Please contact me to explore your options. No obligation!!!
The answer to the question is dubious at best. I would try to avoid the foreclosure process; since there are other remedies at hand for you.
SORRY TO READ about your situation: Has the bank started the legal proceedings? If the bank does not have possession yet of the home you can MAYBE estimate 3 months. Paul is correct contact an agent and the bank determine if you can request your house short sale THIS MIGHT "buy you sometime", however once bank legal possession has to serve notice move out OR eviction process. Banks at times offer a move out special than wasting money in courts for eviction.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
This very serious question ( 'how long can I stay in my home...etc.') can only be answered by your attorney, the courts and their enforcement people, in my opinion. At this point, however, if you have not already done so, check out your mortgagee again and again and see if they will work with you in resolving the matter to your satisfaction, It certainly is worth a shot.
You should speak to an agent specializing in short sales to see your options. They can speak to the bank.
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