First of all, congrats "oranje".
Secondly, this may not be the correct question to aski. I am sure there is more to it then just this. Almost every state has their own "foreclosure" periods and laws. California, where I am licensed, the shortes period is 3 months and 21 days. But that does not mean the bank will ACT that quickly. From the banks perspective ther are many other "issues" to consider. As an example, how much is the mortgage payment? Who is "processing" the loan? Who actually holds the loan? etc.
Therfore, again, I think there is another questions behind the one you asked.
Let me know if you want to write to me.