I drove Taurus's since 1992 and they've been pretty good for me. Sounds like you bought one that had been neglected and the guy dumped it on you before he spent the money you just dumped in it.
Replacing the front brake pads, drivers' side wheel bearing, engine sensor, battery, new plugs and all common maintenance items that apparently he delayed until he sold it. The O2 sensor and cam sensor do have a habit of going out on them - cheap Chinese sourced parts that are not that expensive or hard to replace.
The rear shocks & springs are a pretty uncommon problem - did it have a tow hitch on it?
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