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Updated almost 16 years ago on . Most recent reply

User Stats

144
Posts
31
Votes
John H.
  • Massachusetts, MA
31
Votes |
144
Posts

Do banks care about 21e problems? oil tank leak

John H.
  • Massachusetts, MA
Posted

Looked at a REO the other day (single family) and the basement had an empty 225 gallon oil tank that had leaked out. About a 10 foot ring around the tank in the dirt. Floor is half concrete half dirt. I told the listing agent about this and am waiting to hear back if the bank is going to look into it. Will the bank now entertain very low offers as in $1 or maybe half asking price at least? Before I found the leak, the bank had turned down offers of 80 percent asking price from other buyers.

*edit* bank is asking $75,000

Thanks

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