Since section-8 is going to perform a contamination test prior to approval. 

@Sami Gren call a new lender and see if they can match or beat your current rate, they might as interest rates have dropped recently, don't give yourself an artificial deadline to "keep your rate"  It takes as long as it takes to get the results and if they come back with contamination it can be very expensive to clean up.

Because on burnouts the oil from the ac gets contaminated and you cant get it out of the system.

The town inspector needed to be there on-site to see that there's no contamination & that the tank was decommissioned/removed appropriately.

Under this interpretation, contagious diseases like COVID-19 would not count as a covered loss.However, some argue that COVID-19 can contaminate physical objects like HVAC systems or assembly lines, which in turn would force businesses to cease operations.

Under this interpretation, contagious diseases like COVID-19 would not count as a covered loss.However, some argue that COVID-19 can contaminate physical objects like HVAC systems or assembly lines, which in turn would force businesses to cease operations.

Usually, only heating oil USTs associated with commercial properties are regulated. thus, most home heating oil tanks may and often are taken out of service without any oversight from state regulators.Second- the rules that are in effect for heating oil tanks are usually less stringent than for diesel or gasoline tanks since heating oil tends to thicker and may not migrate as far. as a result, many states just require tanks to be cleaned out. they may also require the tanks to be filled with sand or concrete to prevent collapse. but sampling may not be required.Third- the key to determining if a tank has leaked is to collect soil samples from around and beneath the tank (groundwater also if groundwater is shallow). another quick way to see if a tank is leaking is to "dip" it with a stick that has a paste that turns color in the presence of water. generally, if water has gotten into a tank, it can mean oil has leaked out of the tank (although a certain amount of condensation may be present even where there is no leak so this is not a infallible test).Fourth- if there is currently a tank in the basement, ask the owner if there used to be a buried tank (a/k/a underground storage tank).Fifth, If the tank has impacted the soil, the cleanup generally varies from $25K to $50K though the costs will depend ont he depth of the contamination. i once had a home with a heated pool that had pressurized piping and used diesel. the contamination went down 40 feet and the consultant went crazy excavating the soil to the tune of $400K!!!

This is for properties that have had some history of either contamination, or had business as tenants that were generators of hazardous waste.

Ground water takes the contaminants into neighboring properties.

LawrenceOnce you purchase it you own the contamination.