Any suggestions as to how to refinance when your upside down on a mortgage?

My husband and I bought a home from my husband’s former employer for 0,000. The home appraised at 0,000. The employer co-signed and put up a ,000 CD as collateral. We didn’t have good credit and had to pay some things off, so the employer did that for us, so we owed him money. We [...] http://bit.ly/oQCM51