Closing Tomorrow - Water in Basement

[Mike Hoefling]

I am closing of a 4 unit and was notified by the list agent there is water in the basement. It has rained the past 4 days so I assume many older homes in this area would have damp basements but there was about 1/2" of water in 1 corner of the basement when I viewed it tonight.

Now since I am past the P&S and this issue was not raised previously, is there anything I can do? The seller has been very receptive to making repairs but the closing is scheduled for tomorrow. It's possible the closing happens next week because I do not believe everything is finished.

I am really not sure what to do, please help. Also this is an FHA closing so I am not sure if that will play into this either, having strict requirements.