Thanks for your excellent response.
I tried contacting our inspector immediately. It seems he has gone out of business, or more accurately, dropped off the face of the earth. But the 30-day bit of information is something I did not know, thanks.
The freezing pipes incident is something I need more information on, but the previous owner is still doing everything they can to cover this up. It was an insurance claim however. Is there a way I can find out who insured the home i.e., some sort of public record? The insurance company probably has documentation of this incident.
The basement-flooding problem is surmountable. The water proofing specialist all say it is a ground water problem. The French drain idea was recommended by one of them. I'm concerned this would be a temporary fix. The yard needs to be re-graded...very expensive. It appears that a yard around a home will accumulate a grade towards (over some time) the house and needs to be re-graded. The seller's claim it must of started leaking when we moved in.