How long do I have to wait to buy a house after a short sale?

Answer:
Congratulations on your shortsale! It will take some time for your FICO to recover, but you should be able to obtain a loan in a couple of years. Pay all of your debts on time; start saving for 20% down on another house and get your financial house in order. Then, apply for a loan and see what you can do. Mind you, many houses for sale today have deferred maintenance, and you may end up spending several thousand to bring yours up to par.
First answer by Simplemary. Last edit by Simplemary. Contributor trust: 2548 [recommend contributor recommended]. Question popularity: 1 [recommend question].