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I feel your pain. we just terminated our contract b/c of the inspection findings. Bad wiring, bad venting and more. We knew about some problems but decided we didn't want to go into a house that needed 10K worth of work if that's just the stuff we knew about. The seller seemed willing to do some stuff - like cut a check to an electrician at closing, fixing some stuff before close - but we just didn't trust them at that point. We had put off the inspection a week already and they hadn't done much during that week (its in the process of remodeling). It does require alot of soul searching but we knew we had nothing to lose if we terminated (we hadn't given notice at our apartment yet)and we hadn't been looking that long to begin with.
Good luck
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