Dror R.
Decommissioned Oil Tank Jersey City NJ
Hi everyone,
I come to you all for guidance and advice on a property that I am currently under contract for. The property is a two family near Journal Square Jersey City NJ. During the oil sweep testing we were made ...
Harutyun Kagoyan
PCB in soil Commercial purchase
Hi peeps. I’m looking to purchase a commercial office building that has been heavily discounted due to pcb in soil. Can I get a commercial loan on such a property? Any one have any experience in cleaning the soil or w...
Sarah Humbargar
Pre-Mitigated Meth House
We are under contract on a tri-plex which the owner claims had meth use but was mitigated to state standards, in Colorado. Two of the three units appear to be fully updated, but the upstairs unit has not been updated ...
Daniel Karbownik
As-is off market flip with Underground Oil Tank
I'm wondering how flippers approach something like this. I have a deal in my pipeline that is a classic situation of an older person passing, heirs wanting to sell quick, property being a mess in terms of clutter, ne...
Michael S.
Oil Tank Seriousness: Northern NJ Older Home
I currently have a duplex under contract in Northern NJ that has an oil tank underground in the front yard. Per my attorney, this should be a deal breaker if the seller isn't willing to remove. Since oil tanks and old...
Simon Obas
Oil tank abandoned (buried underground)?
Anyone ever deal with an oil tank buried underground? Should I walk away from this deal? The sellers agent said it’s been cleaned out. I have never heard about this.
Alex V.
Underground Oil Tank Removal
I have a 3 family under contract in Bloomfield, NJ. We just did a tank sweep as underground oil tanks are very common in this area for houses of that age. Sure enough the tank sweep turned up a massive underground oil...
Lawrence P. Schnapf
Tax Auctions and Contaminated Properties
Within the last three weeks, I have been contacted by successful bidders of tax lien auctions who unknowingly acquired contaminated property. They thought they were getting a great deal and then learned after being no...
Jason Krick
Soil Contamination......Always run away????
I came across an REO with disclosed soil contamination. The underground oil tank was removed, and it leaked into the soil. That's all I know at this point. I don't know the extent. The listing agent made it a poin...
Lawrence P. Schnapf
Couple Unknowingly Buys Contaminated Property
Illustrates the importance of understanding prior uses of property. https://www.pnj.com/story/news/2019/10/11/santa-rosa-county-couple-finds-dump-new-property-near-gulf-breeze/3913016002/