Work with a lender, or better yet, talk to more than one that can determine how/when you might qualify.
Of course, we're assuming that you're interested in buying another home...is that the case?
Otherwise, you are good to go even with the charge off showing as it was part of the foreclosure.
Best of luck to you!
You may contact me via Trulia if you have more questions. Always happy to help.
Good for you that you want to get back into the market. Home ownership is such a good thing for a family!! cg
Her number is 916-452-8800
Then call me when you're ready to buy!! :)