It will depend on the length of time since foreclosure, if you have reestablished credit and the circumstances surrounding the foreclosure.
I would be happy to help you or answer questions if you contact me.
Depends on how "recent" your foreclosure was. It is really simple, go talk with a lender. It is a free process for you to go through and then you will know exactly where you stand, how long you will need to wait before you can purchase a home, and what else you can do to increase your scores.
Al, If you have a high salary job why the recent foreclosure? FNMA & FHLMC want to wait 7 years after a foreclosure. They will do it after 3 years with extenuating circumstances, but you have a high salary job. If it was a strategic foreclosure then expect a 7 year wait.
My understanding is that you will need to wait two years from the date of the foreclosure before you can qualify for a mortgage. By all means, check that with a mortgage banker, however. You may also be able to find owner financing if you try hard, but those deals are very hard to come by especially with interest rates as low as they are today.