My brother recently went through this with the removal of one tank, which as it
turns out did not leak. He engaged a tank removal firm, with all the permits
and
such, to have the work done. I'll see him this weekend to try to get an idea of
cost, what the possible cost exposure was, etc., just to provide some
comparison.
My concern would be the disclosure statement that banks and others require for
the seller to give potential buyers. There must be penalties for being less
than
truthful.
epetrevich@relavis.com wrote:
> Morning folks. I got a friend with a BIG problem on his hands.
>
> I have a friend that was getting ready to sell a property when he removed
> the oil tanks (there were 5 of them).
>
> When removed, 3 of the tanks had leaked oil.
>
> Now, the problem. Has anyone gone through EPA remediation for this type of
> thing? Any ideas what to look for in contractors? What kind of costs can
> he expect?
>
> The property was left to him in a will and now he may end up bankrupt as a
> result. Any ideas?
>
> (is there a "shady" way to handle this? I'm not exactly clear who knows of
> the leaks yet. (he dug the tanks up himself))
>
> Any ideas would be greatly appreciated.
>
> Thanks
>
> Inch
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