Underground Heating Oil Tanks
Jeffrey Stuben June 28, 2024
Jeffrey Stuben June 28, 2024
Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems, such as contamination of surrounding soil and groundwater.
Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines.
Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above-ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.
For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank is accurate and up-to-date.
They aren’t selling your loan again, just the right to service your loan.
Lead poisoning is a serious problem that can lead to adverse health problems.
You want the buyer to walk away from your home with a lasting good impression.
The housing market, like every type of market, unavoidably has its ups and downs.
They just want to charge you money for something you can do on your own for free.
Therefore, when you refinance you are buying a title policy to protect your lender.
Underground heating oil tanks can pose many potential problems to both home buyers and sellers.
A way of selling your home without the use of a professional real estate agent or broker.
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