I short sold my home in March, 2011. I'm currently working with a lender to try and get pre-approved to purchase a new home. They mentioned that the laws just changed last week concerning how long one has to wait post-short sale to qualify to buy a new home.
Is anyone aware of what the new legislation says?
Also - what can I expect in terms of penalization through interest rates, etc?
My current credit score is about 720.