Leakage in between two rear wheels on a 2001 Honda Prelude?

Something is leaking between the two rear wheels on the 01 prelude I purchased recently. It has about 70k miles on it and Carfax reports no accident. Although it's suspected that rear right was hit because the tire rod is a aftermarket part ... the tire is a little tilted, and it rides bumpy when I go fast. The mechanic also told me that the rear right body appears to be repainted. What can go wrong?

Someone is working on the alignment...ordered the parts. But I don't know what could be wrong with the leakage and what are the potential problems associate with the accident?
 
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