Basement Foundation Repair - How involved might this job be?

[Paul Smetona]

I'm considering placing an offer on a house that has an issue with the basement foundation. The Point of Sale inspection has an item that simply states "replace damaged foundation." Here in the Cleveland Ohio suburbs, the POS inspectors are notoriously vague with their reports, and I'm not a foundation expert so I'm trying to judge how big of a risk this job might be. I do plan to have a contractor come out to take a look before I make an offer, but I wanted to see if anyone here on BP might have some good insights into what I'm looking at and what might be involved in fixing this.

To me, it just looks like some water damage, but nothing major. Maybe dig up the outside of this corner and waterproof, then clean up the interior and seal any cracks with hydraulic cement or the like.

Thanks!