If the seller did not disclose the existence of the tank, you might have a claim for misrepresentation or fraud.The costs to address tanks depends on the extent of any contamination, if present. there can be limited surficial soil contamination from overfills or there can be subsurface contamination if the tank was leaking.

Brownfields Tax Incentives: Provides tax incentives for the cleanup and redevelopment of contaminated properties.5.

Abestos, water contamination, fire suppression, flood zone, etc. 

Just because it's been cleaned out doesn't mean it hasn't already contaminated the soil, which could mean big $$.

During inspection, we discovered there is an abandoned oil tank and soil contamination.

Warehouses can tend to have contamination issues so makes sure to get a recent environmental phase one report completed.

That would give me great pause and I would want an expert to come and evaluate before moving forward on deal I just know if their is contamination it can be very expensive to correct the problem.

Lead base dust could be found in the house due to toys made in China or contaminants from another owner occupant house.

Closing them can be expensive and if contamination is discovered at closure, that can be really expensive.

Ok everyone,Looking for information on dealing with a "significant contamination" from having an old heating oil tank removed.