Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Underground oil tank in Newton NJ
I bought a single family house in Newton NJ at action.com. After I completed the sale, I found out that there is an underground oil tank. I contacted EPA Environmental ( private contractor) to remove the oil tank. They asked for $1700 to remove the tank. After removing the tank, they pointed out that there are 8 holes on the tank and sent me a proposal for soil remediation for total cost of $8900. They said, will require to remove the contaminated soil having a subsurface evaluator look at it , taking six samples and sending them to the lab. Once EP has the results from the lab I should be able to receive a no further action letter to close out the remediation.
I need an advice what to do. Any information will be appreciated.