JEANNE REARDON - Attorney at Law

Delivered by FeedBurner

Recent Posts

What does the "on or about" closing date in my contract to purchase a home mean?
Real Estate Contract Mortgage Contingency Clause
Why a Home Buyer Needs Title Insurance
Joint Ownership of Real Property in New York
Home Mortgage Refinance


Capital Gains Tax
Closing Costs
Condos and Coops
Home Buying and Selling
Home Mortgage Refinance
Homeowner's Insurance
Loan Modification
Making Home Affordable
Real Estate
Real Estate Closing Costs
Short Sales
Title Insurance
Types of Ownership of Real Property


October 2018
September 2018
June 2018
May 2018
February 2018
November 2017
April 2017
February 2017
January 2017
May 2016
April 2014
February 2014
January 2014
January 2013
August 2012
June 2012
March 2012
January 2012
December 2011
November 2011
October 2011
September 2011
July 2011

powered by

Real Estate Law Blog

August 2012

Home Buyers: Beware of Underground Oil Tanks

Whether buying a single-family or multi-family home, the prospective homeowner must carefully review the property and perform the necessary due diligence before buying to ensure there are no buried and leaking underground oil tanks on the property. 

A buried and leaking underground oil tank brings with it immense liability and very often a large cleanup bill for the homeowner. Homeowners are responsible for leaking oil tanks on their property, and the Navigation Law, § 181(1), imposes strict liability (