Credit Reporting And Buying A House Again
Most short sales show up on a credit report as: Short sale, Settled for a letter amount, or settlement. Currently, if you complete a short sale you can buy in as little as 2 years. If your home goes to foreclosure you may not be able to purchase a home for up to 7 years.
Although rare it is technically possible to buy again immediately however for most you can get back in the market within 2-3 years.