I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. I introduced a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.
Usually 7-10 years after foreclosure ... my suggestion is to try to find an owner finance home to purchase. They usually require a substantial amount down and a much higher interest rate w/ a balloon payoff - but worth a try. Thanks!!