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Oil tank help?

If it were me I'd offer the bank $1 contingent on an environmental review. Then I would hire an environmental company to take core samples around the tank to see how far the contamination may have spread. Take the survey of core samples and have the enviromental company give you an estimate on how much material will need to be excavated and how much you'll need to pay someone to take it.

The other option is to open a beer, sitback, call your broker and tell him to find another house. It's NJ after all, you can't swing a dead cat without hitting one.
 
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