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underground oil tank

Brad White_9
Brad White_9 Member Posts: 2,440
in THE MAIN WALL
If it was disposed of at the time (filled with sand) according to code then, you are probably covered but it becomes an element of disclosure for you and your realtor.

Check with your local building officials. If it is not a hazard then it becomes perhaps an impediment to a sale. Maybe the buyer will not care.

Good documentation will help to soothe unknown anxieties.

That last sentence sounds like a fortune cookie :)

Comments

  • gearjammer2005
    gearjammer2005 Member Posts: 25
    underground oil tank

    I have an underground oil tank that was filled with sand thirty years ago I am in the process of selling my house short of digging it up what shoud I do with it.
  • Chris_82
    Chris_82 Member Posts: 321


    The burden is yours alone to "Prove" that oil, considered a toxic substance, has been or is "safe." In all fifty states. And there is no statute of limitations protecting you at any time now or in the future, from any future owner seeking remedy in any Court. There is also no certificate of compliance or magic paper of any sort from any governmental agency protecting you from any inspection, liability wise. This is one of the reasons amongst many that inspections and insurance companies specificaly exclude this from their home inspection and insurance contracts. If you want this protection your insurance company requires a seperate insurance rider, explicitly detailing the details.

    All of this is to protect you from the many, and there are many, private companies with often, local permission, that for a profit say otherwise. Many homeowners in NJ for example have recived inspections and certificats from their fire departments and local licensing agencys and much to their dismay have found out the hard way, that they posses expensive toilet paper.

    Do you realize just what your saying when you say you have an underground tank filled with sand? Do you have any idea how long it takes to fill a tank with sand? And if an opening was made in the tank, why wasen't the tank removed in the first place considering the amount of excavation required to get to the tank to fill it with sand?
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