My best advice would be to contact a mortgage company who could tell you exactly what you can qualify for and also give you the proper information concerning your previous shortsale. Some lenders are two years where others are 4 depending on whether you go FHA or conventional. Email email@example.com or call him at 727-642-5559. He is located in Madeira Beach. He can at least give you the right information. If I can help you with anything else please feel free to call or email.
Century 21 R E Champions
His website is http://bbeote.everbankmortgage.com/Default.aspx
He can help you figure out what you need to do and what is best for your situation.
Tara May Webster Realtor
Your Neighborhood Realty
Excellent Service Realty
Liane Jamason, REALTOR
Smith & Associates Real Estate