I would definitely start the process now. That way, if there are any residual issues, you can take care of them before your formal application begins. Under the new laws, the formal application process does not start until there is a property under contract.
There can be issues related to your application date and the anniversary date of your foreclosure but they are not difficult to deal with. If you would like to discuss this further, you can contact me at 402-333-5432 or email@example.com. If you want to begin the application process, you can go to http://www.mortgageloansofamerica.com and complete the secure application on line.
Dennis W Clark
Freedom Lending, LLC