Every state has one of two processes for foreclosure, either it’s a trustee deed state or a judicial foreclosure (mortgage) state. check your documents as to whether or not you have a Deed of Trust or a Mortgage. Virtually they serve the same duties (a mortgage against the property), but the lender has different rights based on state law.
Depending upon whether it’s a trustee’s or judicial foreclosure the period of time might be a few months to over a year, as the latter. If you wish to “redeem” your property, you’ll need to respond to the various notices you will receive and pay all of the outstanding monies owed in order to stop the foreclosure procedure. You might even be able to work out something for payments over time, saving your home.
Once the foreclosure is slated for a sale on the courthouse stairs then you’ll need to appear and most likely need to be the high bidder. That scenario is unlikely as most banks will bid until they have the property in their own hands. Your question doesn’t actually deal with foreclosure most likely, but more, what is your “redemption” period. If you let the property actually go to sell, it will cost significantly more to obtain the property than it would to “redeem”. Hope this helps!