Did you have to sell your home via a short sale?  Wonder when you can buy another home and qualify for a mortgage.  Heres the latest:  Most lenders follow Fannie Mae Guidelines, which a few months ago changed their ruling from 2 years to 4 years after your short sale.  There are extenuating circumstances that will allow borrowers to qualify within 2 years, but from what I am hearing, this is very hard to qualify for.  (Ie, sudden loss and dramatic drop of income, etc)  The good news is, some local community banks and credit unions will not follow the Fannie guidelines and will look at your salary, your credit, your savings, etc to qualify you.  So, here is what you should do if you had a short sale:

Less than 2 years ago:  Forget about it

2 years to 4 years ago:  Shop your local banks and/or credit unions (find the ones that have loan programs that are do not have Fannie Mae Requirements)

4 years or more:  You should be good (for the short sale guidelines).. cant help you with your income, savings and credit report issues though.

Good Luck!

Derek Gutting  317.846.4888 (direct)  The Gutting Group / Keller Williams Realty.  www.GuttingGroup.com