Depends, did you keep the payments current? The real hit to your credit score comes not so much from short selling but from missing payments. If you kept the payments current, and all your other accounts as well, you may be able to buy sooner than two years. Talk to a local mortgage banker and see what they say. I don't mean one of the big banks, but someone who is local and who specializes in writing mortgages. If you need help locating a mortgage banker, let me know, I may be able to point you in the right direction.