DEAR BOB: Thank you so much for your great advice not to pay all cash for a home. I almost made that mistake. After my husband died in 2004, I sold our home and received about $600,000 tax-free cash. I decided to move near my two daughters and my wonderful grandchildren. I found what I thought was a perfect brand-new condominium I could have paid cash for. But I remembered your advice. I had no trouble qualifying for the developer's 10 percent down-payment plan. Shortly after moving in early in 2005, I discovered many problems and misrepresentations. My son-in-law, who is a lawyer, tried to help. But it is now clear the developer is a "crook" who took advantage of us buyers. The condo complex is a disaster with lots of problems, such as bad construction and uncompleted amenities. Only abo...
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