Last year I was divorced and could not afford the home I had and needed to to a Short Sale. How long do I have to wait until I can purchase another home. My ex did not pay for the home for six months. The house was sold. Any ideas of a timeframe. I am living in a house that I want to purchase and the agreed upon price leaved me with about 80 to 90K in equity. The house belonged to my mother who agreed to sell it to me. Any body got a time frame?