I had a leaking oil tank!!  I had thought  that the whole leaking underground oil tank scare was a thing of the past. With most oil tanks  having been brought in to basements years ago, who even has an underground tank? Isn’t it rare that they are actually leaking? Well,  I guess not…

And now I’ve learned a few things.

Most importantly if you do have an underground tank, and want to sell your house you can’t. With the tightening of mortgage lending restrictions no bank will lend if there is an underground oil tank– period. They don’t care about insurance, etc. The tank must be brought inside.

My advice? If you have an underground tank bring it inside ASAP! The longer you wait the more likely it will leak, the more it will leak, and  the more expensive the clean-up…and it get’s really expensive. We all eventually sell our houses, some after lots of thought and planning, and  others pretty quickly due to unexpected  life changes . Why have the added stress of removing and testing a tank on top of  an already stressful event?