How soon can my family get a mortgage?

Regardless of your credit score and down payment size, you are going to need to wait a minimum of 3-years PAST the Sheriff Sale date. www.WI-MortgageBroker.com

Your question is confusing.. you bought in 2009, moved out 2010 (did you rent it out or sell it on a land contract or was your intent to just give it back to the bank?) Anyway.. FHA has several programs.. one allows you to purchase a home directly after a short sale, but based on the info above, you will not qualify since foreclosure proceedings have started.. FHA also allows you to finance after 12 months after the property foreclosure finalizes and title has transferred out of your name. You must document a 20% reduction in income and you cannot have had any late payment on ANY obligation to qualify.. If you don't meet any of those 2 programs, then you would need to wait 3 years past the transfer of title and foreclosure completion. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hello,Can you clarify a few more things? Was the foreclosure final in Feb 2013 or was the process started in Feb 2013 and is still going on? If it's your home, who is the other party you are trying to force to sell? The bank or another person?

When the foreclosure is final, you will have to wait 7 years for a conventional mortgage or 3 years for a FHA morntgage.

Foreclosure is not a good thing, regardless of your reasons for allowing/forcing it. Even with 20% down and "good" credit any traditional loan will be difficult to get for at least 3 years (FHA, 7 years conventional). Your only option sooner may be private financing or a nontraditional loan at a much higher rate and fees. Consult an attorney, you might be better off taking legal action against him. Good luck