The EPA estimates that up to 100,000 abandoned and undiscovered underground oil tanks (UST’s) exist in New Jersey. Many of these tanks were not properly decommissioned and may had been leaking before or after they were abandoned for another tank or fuel source. Underground oil tanks are made of steel and when water enters the tank it slowly erodes small holes in the bottom, allowing fuel oil to gradually seep into the ground.

A home buyer assumes all the liability when purchasing a home with a tank present. The cost of required soil remediation can be anywhere from $10,000 to over $100,000 and many homeowner insurance policies therefore specifically exclude this contamination.

If the home is over 20 years old or previously had on older house on the property, we strongly recommend a tank sweep is performed. Discovery of an oil tank can cost more than almost any other item found on a home inspection. In fact, many investors who buy homes frequently will waive the home inspection but still perform a tank sweep.