Buried oil tank an enviromental issue
This week while listening WAMC I caught part of a story where a homeowner discovered buried oil tanks on his property and reported this to the authorities. With further investigation it was discovered that the tanks had leaked and contaminated the area.
The cleanup cost was not going to be picked up by the town the homeowner was charged with the responsibility for the cleanup which so far was going to be over $100,000. This was not a property that was used for industrial or manufacturing operation. It seems there was a time when homeowners would have extra tanks in the ground so as to purchase oil in the summer when it was much cheaper.
The point I want to make is that it is so important for us to find out about buried tanks when helping a buyer to purchase a home. It is also important to make sure the if a buried oil tank is found it is tested and abandon. Your local oil company can properly mitigate this.
Buried oil tank is something that should be disclosed on the New York State property disclosure, the problem is sometimes the seller is unaware of the existence of the tank. Before entering real estate I purchase a property and I did not know it had a buried tank, so when I tried to sell it the inspector discovered it and I had it mitigated. Thankfully it had not leaked.
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- firstname.lastname@example.org
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