Hi James Kerry,
I would have to echo exactly what Shane mentioned. In fact, I just game him a big thumbs up answer.
I guess the big question is whether you had any late pays in the 12 months leading up to the short sale and the purpose for the short sale.
If you didn't have any late pays but short sold just to go buy a similar home down the street for half the price of your former loan amount, that could be an issue. That is considered taking advantage of the market.
You will find many lenders overlaying (adding) their own more restrictive guidelines.
That is why I work for a mortgage company that is both a direct lender and a licensed mortgage broker. Most direct lenders cannot broker out, which gives them very little flexibility to meet the needs of buyers who have more complicated qualifying scenarios.
If my bank can't approve a particular loan for some reason, I can find a 'niche' who may have less restrictive overlay guidelines.