Horizontal Foundation Cracks Found After Closing

[Brenna Ellison]

Hi All,

I'm a first time home buyer and closed on a single-family home (a recent flip) about 5 weeks ago. A couple of days ago, I noticed horizontal cracks in the unfinished portion of the basement (the rest is finished and newly renovated). The internet has not made me feel good about this discovery and seems I can expect a need for repairs. I'll learn more next week when the structural engineer comes out.

These cracks were not noticed or identified by my inspector (I had him come out twice actually). I had a structural engineer come out as well and walk the perimeter of the house and nothing was concerning to him from that perspective.

I noticed a portion of the crack has been covered/smeared with concrete. Appears to be done recently, but do not know for sure, but shows someone was aware of the crack.

My question is, is there anyone else who could be considered "liable" in this situation other than myself? Or am I totally on the line for the full cost of the fix?

I understand this house is mine and my responsibility, but given structural issues are no joke and cost me likely way more than I can afford at this point, I'd like to be aware of any alternative options.

Appreciate any words of advice. Thanks!