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Updated about 5 years ago on . Most recent reply

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418
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38
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Sami Gren
  • Rental Property Investor
  • new jersey
38
Votes |
418
Posts

Closing with possible soil issues?

Sami Gren
  • Rental Property Investor
  • new jersey
Posted

Hi, I was about to close and we discovered an oil tank we removed it and it has holes.

Now we are waiting to get the results from the New Jersey lab to see if there is any soil problem, I am having issues because my rate is running out and I need to close any day in order to keep my rate, and they are willing to put an escrow only $5,000.

Am I risking too much?

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