@Latte31 - I have heard of those cases. It is really sad because when you buy a brand new home you expect to be able to live in it and not have it make you sick.
I remember years ago there was a case about a condo development in which the board was sued for negligent misrepresentation because they were not using the association fees to maintain property and keep up with the necessary maintenance of the building. Instead they were keeping the money for themselves.
They were doing this for so long that the building went into a state of disrepair and the county deemed that the building was not up to code and unsafe to live in. The condo owners not only had to continue paying their mortgage and association fees, but in addition had to pay rent for another apartment. To add insult to injury, the condo owners received an assessment of $40,000 each because the building needed to make multimillion dollar repairs quickly.
This is incredible that something like this can happen, so if you do buy a condo make sure that you check out the condo financial documents and try to learn as much as you can before signing on the dotted line. This complex was in a really expensive area on the beach, so people that lived there could not even enjoy the beach for years.