We closed escrow on our new home approximately 3 weeks ago. 2 days ago we discovered much of the lower part of the west exterior wall has dry rotted due to excess moisture. This was not included in the inspection report (though some of the dry rot is visible), nor was it included in the TDS. We fear we are looking at a 10K plus repair bill. Had we been aware of the dry rot, we would have required a repair before sale or deducted the cost from the price of the home.
Do we have any recourse to assist us in paying for the repair? What is the recommended next step for us to take?
Any advice is greatly appreciated,