Derek Famulari
REO Property with Oil Tank Strategy
Hey BP Family! I am hoping to pick your brains on a strategy when negotiating a deal with a REO property with an inactive, underground oil tank on the property. Here is some background: The property is REO 2-Fam and l...
Nikki Cuozzo
Underground oil tank
Hello! If there is an underground oil tank, is the seller legally responsible to remove it before the buyer acquires the property? Or can it be negotiated within the contract? This property is in Connecticut. Thank you!
Adrien Salvador
Looking for Home Inspector and Tank Sweep
Hello everybody, I've just gone under contract for my first property and I was wondering if anybody here knows of a home inspector who can do a inspection and tank sweep in New Jersey. The property is in the New Bruns...
Clayton Ballard
Is this a problem
Soooo, I had a house visit yesterday and noticed something weird.
I went into the basement and the owner had the oil tank enclosed behind a sliding door. The home is no longer heat by oil. It's been updated to natur...
Jon Dorsey
Septic System Tank Insurance??
Buying park with 40+ septic systems on 1:1, older system. Owner says they haven’t had any failures.
1) Is there a warranty or insurance product out there I could get seller to purchase to cover the systems in case t...
EDWARD M.
Permit Open but Never Closer? (Hudson County, NJ)
What happens in a situation where a permit was open with the township to remove an oil tank, but was never closed or inspected? Is there a possibility the tank was never removed? Could they have attempted to remove it...
Steve K.
HUD Home w/buried Oil Tank
Hi BP,I'm looking at a HUD property with BURIED OIL TANK and may also need MOLD Remediation in the garage and another room.My bigger concern is potential Oil tank leaks and soil remediation that can run thousands of $...
Ashraf Spahi
City doesn't know that my property has a septic tank
I recently purchased a property built in 1970 through an auction that I am looking to rehab and flip. One of the items I want to rehab is the driveway which needs asphalt resurfacing. I was at the building permit offi...
Scott Forgue
Laws against not allowing septic and underground oil tank tests
Does anyone know if there are there any laws or if it is illegal for a bank not allowing a test on a septic system or on an underground oil tank or the grounds? "Seller will not allow buyer to have underground oil sto...
Michael Herr
Well/Septic Newbie
I am well above the average DIYer in skill, and was mostly through a home-inspection course before career change, so I know a great deal about most things in a home, except for wells/septic.
I am looking at a...