Hole in the ground behind REO property. What the??

[Aref Shehadeh]

Looking at a REO flip. Had a preliminary walk through with an inspector buddy. We noticed there was some caution tape surrounding something and a recycling bin covering up a hole...

Not the greatest pictures, sorry.

I've never seen anything like it. Any thoughts?

The bank winterized the place and it seems like a dried up cesspool. Here in RI there was a serious bill passed to decommission and replace cesspools. They cut a hole in the ground and did a hack job covering it up. Within the hole (it's hard to see) there seems to be a pipe coming from the house, a gap, then another pipe running somewhere. Not sure if they took a piece out or not. 

Should I run?