Your question may be in regard to how long you will have to wait to buy a new home after you go through a short sale. That is a common and reasonable question for anyone who has had the unfortunate experience of losing their home through a short sale.
I suggest that you talk to your mortgage professional for an answer to that question that suits your own personal circumstances. I suggest that because the waiting period can vary between 0-7 years depending on your personal circumstances.
Was your loan conventional, FHA or VA? Were you current on your mortgage up to the time of your short sale? Were there extenuating circumstances surrounding your short sale? How is your credit other than the short sale? In other words, do you have other blemishes on your credit record â€“ bankruptcy, credit card default, collections, retail credit account delinquencies, automobile loan delinquencies or repossessions, mortgage delinquencies? What amount (percentage of purchase price) will you be able to put down on your next purchase?
Of course, the passage of time will not automatically mean that you can buy another home. You will still need to qualify for a new mortgage base on your income, credit, down payment and whatever other criteria exist at that time.
A local mortgage professional will be able to review your personal circumstances now and help you to prepare for the purchase of your next home and provide with the loan to do so when you are ready.