View Full Version : Rental Deposit and Foreclosure
 
 deborahpost
Sep 7, 2007, 07:17 PM
What happens to a tenant's deposit when a property is sold at a foreclosure sale and the new owner continues the lease?  California
 excon
Sep 8, 2007, 09:48 AM
Hello:
 
The new owner couldn't continue the lease because the old lease died when the property was foreclosed upon.  The new owner could have entered into a new lease with the same provisions, but it's NOT a continuation.
 
Therefore, the deposit that's owed to you is being held by the original landlord.  I'd sue him for it.
 
excon
 froggy7
Sep 8, 2007, 01:48 PM
But I wouldn't hold my breath, considering that he lost the property to foreclosure.  The odds that he has money sitting in a bank account somewhere are small.  But you could still get a judgement.