Eligibility post forclosure

Hallo

My house got forclosed in Auguest 2011. At the time of forclosuer, my credit was 670. But two months after the forclosure, my credit jumped up by 41 points to 711. Now, it has been six months since my house is forclosed. Is that mean I can be eligible for a new mortgage since my credit is very good? Is it a good sign that my credit jumped that much?
Also, I have a good income but my wife has a job with not much income. But her credit square is 735. does this help? Please help me with your answer.
For my forclosed house I put down 20% for a total of $85,000.
But its value lost by over 65% and the bank refused to refinance since my income is higher than the 33% required for eligibility.

Thank you for your help