...but why does it have to collect in our basement?
It looks like a naughty previous owner might have painted over a hairline crack in the foundation with ugly green paint prior to putting the house on the market. And how do I know it was a recent job? Because I clearly remember the agent saying that her uncle refreshed the paint on the basement floors with this very same green paint to help them look cleaner. He probably did the wall at the same time to hide this crack. (I doubt we'd ever be able to prove it was intentional, however.) There are a few other minor hairline cracks we were aware of, but those don't seem to be a problem.
We had a torrential rain come in directly from the north today. We've been checking after each rain for evidence of leaking, and this is the first we've found anything. First rainstorm to come from that exact direction, too, I think. Enough moisture is seeping in that it has bubbled the paint away from the crack, and water is collecting behind the paint on the wall. It's not even the right kind of paint for a basement, either. It's scraping right off with the water. (It used to be solid green; now it's all patchy.) None of our stuff is damaged; everything at floor level is in plastic tubs, and we already knew that water was making its way in around the window above this crack.
*Sigh* Just another thing to add to the to-do list, although I don't think it will be that big a hassle.
So, I'm curious. What cover-up or pending disaster did you uncover only after you closed on a house? To encourage the stories to flow, I'm sponsoring a contest. The funniest story or the one I sympathize with the most wins a prize. It won't be a major award, so don't get all excited on me now. You may enter as many times as you want. Contest ends at noon (Central Time) on Saturday.