If you had a good credit history of paying your bill on time for a number of years before the short sale, have staid current on all other obligations, and have steady income (job) there are some sellers who will provide owner financing sooner. Generally this is at higher interest rates 6-8% and they prefer a 10-30% down payment, but there are exceptions.
Yes, you can still qualify to buy a home after a short sale. You will need to contact a lender and pull your credit to see how hard the short sale impacted you, there may als be a waiting period before you can buy if you were late on any payments. Good luck, if you have any further questons don't hesitate contact me...
Yes you can qualify again. May take 2 years to try to do so. You may want to check your credit and make sure all of your creditors are reporting recent paymens on time.
Check with your accountant or financial advisor. You can ask for a free credit report.
Other options is to rent with an option to buy or a lease purchase option. However, getting your credit clear other than the short sale is wise in any case.
Did you receive a letter from your past lender relieving you of the shorted amount on the short sale?
Jeff Masich, Realtor
Arizona Homes and Land
Short sale in your past should not impact your ability to get a Section 8 cert. Your credit will certainly be impacted.
Maryland, D.C. and Virginia