When Can I Buy Again after a Short Sale?

mortgageporter-thinkingI received this question from on of our readers over the weekend:

Hi Rhonda, I completed a short sale in Sept 2012, looking to repurchase.  I know that Fannie Mae just extended their post short sale repurchase guidelines to a waiting time of 4 years.  What other options do I have?  I have enough for downpayment and FICO around 720ish.  Thanks!

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