If a home was just purchased what can be done if, while preparing to replace the carpet, we found rotted particle board and hardwood flooring and the damage was simply covered up?

Question Details: I have lived in my current home for just over 2 years. Some stuff happened with the previous property managers and the house ended up being bought very recently (I want to say less than a month ago) by my father-in-law. While preparing to replace the carpet, we found rotted particle board and hardwood flooring. Is there anything I might legally be able to do about this?

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