Foreclosures & Short Sales will rise in 2011, however home owners need to understand that the quicker they let go and sell their home, the faster they can rebound and re-purchase another home in two years for a lower price. Vs. allowing their home to go to foreclosure sale. The home owner will need to wait 3 years for Fha financing and 5 years for conventional financing. Bankruptcy is one tactic that homeowners are doing to slowdown the foreclosure process. If you are someone who filed Bankruptcy, Fha requires that you wait 2 years to get Fha financing. Also once the home owner make the decision to sell their home the healing process can begin. Contact Tracy Storms at 352.275.9552