Looking for Some Guidance for Major Issue

[Daniel Sabato]

Hello Everyone, 

New investor here looking for some guidance from people with experience. Long story short I bought this property a year ago, had all the inspections done and such, did everything by the book. A year later I am being told that there's a foundation issue. Water is leaking up through the floor in the basement. Obviously I'm in panic mode a bit because this is the first major issue I've had with one of my properties. I am trying to understand how something like that was missed in an inspection, if I have the ability to do anything legally regarding that, how I should proceed now. Just looking for any advice from people on here. Thank you!