It truly depends a lot on the bank! I've seen Bank of America take up to 29 months, but I've also seen smaller banks like regions or Guaranty Bank in as little as 6months. Who is your lender and have they already sent you a demand letter? Have you received a notice of foreclosure yet? How far behind are you on the payments? I've been in the business almost 6 years and my partner and I specialize in Short sales and pre-foreclosure sales. I would love the opportunity to earn your business if you're not already working with a Realtor.