Published: Sep 23, 2013 10:19 AM EDT
Updated: Sep 23, 2013 10:30 AM EDT

There is good news for displaced homeowners who lost their home to the back through foreclosure or short sale.

The federal housing administration has just announced a new program that will waive the three year waiting period before qualifying for a new loan.

But what does this mean to buyers and sellers in our market? Wink's real estate expert Denny Grimes explains on WINK News This Morning.

You can email Denny at