Structural Damage in Walkout basement Wall
Been a home owner for about a year and recently noticed a big issue with the structure of the basement wall. A home inspection was done and this issue was not mentioned, as the previous owners hide the problem behind a piece of drywall. I recently was cleaning up and pulled this piece of dry wall out and noticed that a piece of one of the 2x4 was missing, and instead filled in with junk pieces of wood (that dont really fill the space). Worse part is it appears to be below a support beam.
I suspect that maybe the wood was rotted as the "weep holes in the brick vaneer wall have been filled in with spray foam" and water pooled and destroyed the wood (this is only my guess). This is super concerning for me, and I feel quite angry that the previous owner intentionally hide this, and that now the structure of the house is not sound. Could someone please kindly provide some advice concerning this, is this going to be super expensive to fix? I'm really worried, thank you for your help. Please see picture for reference.
I suspect that maybe the wood was rotted as the "weep holes in the brick vaneer wall have been filled in with spray foam" and water pooled and destroyed the wood (this is only my guess). This is super concerning for me, and I feel quite angry that the previous owner intentionally hide this, and that now the structure of the house is not sound. Could someone please kindly provide some advice concerning this, is this going to be super expensive to fix? I'm really worried, thank you for your help. Please see picture for reference.