Are Wall Cracks Evidence of a Bad Home Inspection?

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cracked
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Q:

I live in Arizona and purchased my home 2 years ago.  I had a home inspection done, but now it appears that the 17-year old house has severe foundational problems.  After moving in and really looking around, I could tell that numerous cracks in the walls and ceiling were patched and covered up by the previous owner, who was a house flipper.  The walls are cracking and the nails are popping out of the drywall in many of the rooms. 

Is there anything I can do?

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