What are my rights regarding an undisclosed water leak in the house that I just bought?

Question Details: Recently bought a home with no inspection. A week after my daughter moved in, she found a mushroom growing on a wall. Further investigation revealed a water leak that had been hidden by the previous owners with silicon on the floor at the base of the trim. This kept the water from flowing out from the pipe in the wall. I opened up the wall to look for the leak and found extensive long term water damage that is costing a substantial amount of money to correct. Is there anything I can do to recover the cost from the previous owners?

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