Every home is unique and therefore, every foundation problem is specific to the structure it supports. Re-building basement or foundation walls is certainly an option but it is not only time-consuming, expensive and inconvenient, it does nothing to solve the underlying problem – foundation soils exerting pressure against the walls. The first step in your situation is to have your foundation evaluated by a reputable and experienced foundation repair professional.
Once an evaluation is completed, options for repair should be presented to you in writing. As the patent-holder for the original Wall Anchor System, Grip-Tite recommends an earth anchor and wall plate system which permanently stabilizes a foundation wall (whether block or concrete) and prevents further movement.