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The wall was starting to bow. Stairstep cracks are a tell-tale sign that the soil outside your home is putting too much pressure on the foundation walls. The owner said that was no cracks in the upper levels of the house, thankfully.
Wall anchors work well to fix almost any type of bowing wall. They are also installed independently of the floor system so there's no additional stress on floor joists. It works to straighten your wall over time because it can be tightened. The only time this system isn't possible is if there isn't ample room on the outside of your home to install the system.
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