Not necessarily. If the foreclosure has been completed and the property is bank-owned, the process can be very fast - less than a month. In fact,banks will counter-offer timeframes if they otherwise find an offer acceptable. You will need some time to get your inspection(s) done, and to arrange for financing (which includes lender inspection/appraisal, underwriting, etc.). I recommend using a local lender. On the other hand, if it's a short sale, you could be in for a long wait. Of course, you should have a Realtor (buyer agent) in your court as well - to help you find the right place, write your offer, keep track of all the details, etc. Best of luck!