Putting an offer on a home with an underground heating oil tank can be a uncomfortable process when you begin to look into the liability a homeowner has with an underground oil tank. While the 'lifespan' of a heating oil tank is estimated at only 25 years, most of those in operation are much older than this. Therefore proper testing and possibly mitigation may be needed before an owner would want to take on the liability of an underground oil tank.
Clearn up and official decommissioning of these tanks is overseen by Oregon DEQ. They provide homeowners and contractors with guidance on the cleanup of an old oil tank and the decommisioning process.
The video below will give you an idea of the process of removing and cleaning a tank.
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