The first question I would ask is, "Have you already 'lost' your home to foreclosure?" If not the time to act is right now! The banks are more open to accepting short sales on your home than ever before.
If you have already lost a home to foreclosure the short answer is Yes, you can. The long answer is it will depend upon the reasons you lost the home, your income history, your credit history, your current credit and debt ratios, and the amount of time since the loss occurred.
There is often times a minimum time frame of two years from the time the bank "disposed of the property". Not the date the sheriff's sale occurred, and not the date the bank took the property, but the date in which the bank resold it.
If you have any further questions more specific to your own personal situation and your finances, I would recommend you speak with a professional who can provide more specific tailored advise to your own situation.... more