Short Sale becomes Foreclosure- how long until it is relisted?

[cstubergan]

My husband and I live in Michigan. We are really in love with this house- we were just about to put the offer in (it was under short sale) and now they said it is off the market- because it is foreclosing. I am wondering usually how long it will take to come back on the market as a foreclosure where we can put our offer in. Also, will the price be less now than it was when it was a short sale?
Thanks!