"John A. Weeks III" wrote
I would try to cover up what you just did, and try to sell the
thing to someone else is even more naive that you might have
been. The problem with contamination like this is that you,
as the owner, have unlimited liability. If this oil has
leaked under the house, you may have to tear down the house
and clean up the soil. If the oil has migrated to a neighboring
property, you have to pay to clean that up, too. And if the
oil has hit the water table, there isn't enough tea in China
to pay what it is going to cost you.

Now that you know about this problem, you have to disclose
it. No one in their right mind would ever buy this due to
the unlimited liability. You should look into this with an
attorney. If the seller did not disclose it to you, and they
knew about it, perhaps you can sue them and get out from under
this dead fish.

You also want to talk with an attorney before you notify
anyone of the problem. Since you are likely to lose
hundreds of thousands of dollars on this fiasco, you are
probably headed towards bankruptcy. You may want to try
to plan this crash so you can save your household goods and
maybe a car.

There is one out for this problem that I know of. If you
stop paying taxes, someone just might take over the property
for the cost of back taxes. When they do this, they also
take over the responsibility for the contamination. You have
no need to disclose anything in this situation. This might
be your best way out.

-john-

LOL, Good Grief. Get a grip.