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Have you checked the alignment of the sill plate and the top of the basement wall? This would give you an idea on whether or not you have any bowing of the wall that needs to be corrected.
My mother's house had to be fixed about 12 years ago. The house had begun to settle with cracks opening in drywall at the corners of doorways, doors becoming hard to open, and so on. A close inspection revealed significant bowing, particularly on the front basement wall. It had actually shifted inward several inches. We had to bring in a professional foundation company to do the bracing. They had to put piers in on three sides of the house with rods going through the basement walls to bracing beams. Mom's house always had occasional water penetration issues in the basement related to grading and soil movement.
Posts: 8,381
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What kind of bracing of that wall are you envisioning?
Does it need to be push inward toward the house, or pulled back out?
From the sounds of it, your wall is concrete block, not poured?
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I run into these things inspecting homes. Always refer it to a structural engineer. I did one where the basement wall was bowing inward. They wound up taking out the driveway and digging a pit. Set steel cross I-Beams in the pit and ran 1" threaded rod through the beams and through the foundation wall. Then filled the pit with aggregate. 3 threaded rods iirc spaced evenly across the the 12-14 ft wall. They ran a steel plate across the interior of the wall with the threaded rod protruding through the plate and tightened nuts to draw the wall back into place. Put in a new driveway.
Foundation movement is usually caused by one of two reasons. Hydraulic pressure or poorly compacted soil under the foundation.