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Updated about 8 years ago,

User Stats

20
Posts
1
Votes
Solomon F.
  • Investor
  • Lakewood, NJ
1
Votes |
20
Posts

oil tank soil tests

Solomon F.
  • Investor
  • Lakewood, NJ
Posted

Just checked out a house owned by the bank, everything looked good. Only prob. I couldn't find the above ground oil tank. Well, that's because she was six feet under! I am considering doing a soil test and going ahead if it comes out clean. [I will include the cost of removal in my cost basis for the rehab]. How reliable are these tests? Is it possible it will come out clean but afterwards be a mess?

Also has anyone had success getting the bank to allow them to remove the tank before closing [and if there is leakage walking away from the deal]? 

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