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Anybody can sue anybody else at any time for anything. That said, the question is whether it will be worth your while to litigate and whether you can find an attorney willing to take your case. Does the flooded basement violate a contract stipulation? If you're still in the process of closing, it would be a better idea to insist this be remedied prior to closing than to pull the trigger on a lawsuit. Difficult to answer without knowing the background, though.

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Q: You just bought a house and know the basement is flooded can you sue?
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