According to the real estate website Zillow, over 46 percent of Florida homeowners are underwater, meaning people owe more on their home loan than what the house is worth.
That's dramatically higher than the national average of 31.4 percent.
Currently there are three bills in the U.S. Senate that attempt to deal with this housing crisis, which many economists maintain is the key to ultimately turning around the still moribund U.S. economy.
On Wednesday a new national campaign was announced to spur action on those bills. Calling themselves Rebuild the Dream, the coalition was co-founded by Van Jones, best known as being a former special adviser on green jobs to President Obama.
“While the bankers who put us in this mess roam free, American families are drowning,” Jones said in a press release. “This is just one step toward ending the mortgage crisis, but for millions of Americans it could mean the difference between losing and keeping their homes.”