Purchased home not built to code.
We purchased our home in Aug 2007. We had a home inspection performed and no major issues were found, so we purchased the home. Then in the Spring of 08, the city began local city sewer and water in our area. As a result of the high vibrations, we began to notice that the living room addition began to buckle and walls cracked to where you could stick your hand through the wall to the outside. After contacting many contractors in our area we founf that when the addition had been built in 82, it was not built to code of that time, nor of present day. And regretfully the addition would need to be torn down and rebuilt to current day code to fix the damage substained. After all estimates have come in, a house we bought not even 3 years ago, now needs $40,000 in repairs. My main question is, do we have an recourse or legal standpoint with this issue. Since we believed when we bought the house that it had been built correctly. Or does this unfortunately fall back on us as a buyer beware sale?