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I believe it may be your brake master-cylinder that is leaking. Since the ABS unit in located under the MC, it may leak unto the BLACK ABS/TRACS unit. If your ABS/TRACS light is on, then the unit is malfuncting. The cause 95% of the time is a bad ABS computer, which has to be replaced and codes cleared.
Now, the GOOD NEWS: goto car-part.com and enter your cars' info. and parts needed. I found a used ABS/Tracs module in CT from a 97 GLT w/66K miles on it. I paid $140 total. My dealer is installing for me today($85 + tax) and I will be set. So for about $240, I'll have my ABS back in working order!! Even if it failed in 6 months and I need another one, I will be ahead of dealer prices($500+ labor & taxes). good luck.
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