40% of FL mortgages are severely underwater

Tampa Tribune reporter Michael Sasso explains what the housing market in Florida is really like.

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4 out of every 10 homes in Florida are deemed seriously underwater on their mortgages. How is it that people keep telling me that the housing market in Florida is almost back?

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Host of the syndicated News Talk Florida radio program Florida Live with Dan Maduri, Dan is America's youngest and most compelling major market talk show host. With striking commentary and provocative guests, Dan informs and entertains as he exams current events in news, culture, and sports. Recently featured as one of Radio Ink Magazine's Top 30 Under 30, Dan invites you to join the conversation every Monday through Friday from 3 PM to 6 PM on WWBA 820 AM and online at http://newstalkfl.wpengine.com/video/live-video/watch-now-florida-live-with-dan-maduri-4/