I bought a home and I am having trouble refinancing any suggestions?

So I bought my first home a year and a half ago and the property value has went down drastically. Well it turns out that we bought our home on top of an old bombing range. They have been in the process for more than a year now digging up LIVE explosives and detonating them. When we bought our home we were not given this information that we were moving in on a bombing range. We do have a lawyer and it's in the works but I know it will be quite time consuming. When we purchased the home we got into a five year interest only loan and did not include our property taxes so my plan was to refinance after the first year but I wasn't aware I was moving in on a former bombing range! Any suggestions on trying to get refinanced somehow in the meantime?

We bought the home brand new. The builder never disclosed this to us.

Please take care - there are scammers on Y!A who actively seek out questions like yours and then offer loans but are scammers

Here are some tips for determining whether a loan is legitimate or a scam:
1) They don't use a free email address (yahoo, gmail, hotmail, etc)
2) They have a secure website you can go to to fill out their application (and no excuses about it being down at the moment)
3) They don't require ANY fees upfront (regardless of whatever excuse they use). Any fees will come out of proceeds of the loan (scammers want their fees via Western Union or Moneygram)
4) They have a REAL address (check it in the yellow pages) you can send mail to
5) They have a REAL phone number, not a cell phone

Often if you click on their profile you will find it is created in the last 24 hours - why? Because they are reported, profile closed down, but they simply create a new profile and start up again

Save yourself another headache and avoid them like the plague. The one from Victoria Dingley above my post is a prime example of what I mean.... do not go anywhere near it.

Well, good luck with that lawsuit. You have to prove that the prior owner KNEW of the hazard, and didn't disclose it. Just that the hazard there, isn't enough. You have to prove knowledge.

Likely, you're not going to get refinanced if you're upside down on your loan. You'll have to pay the loan down far enough to have at least SOME equity in the house. Which will probably mean, taking on a second or third job.

did anybody else buy a house.