What happens to a tenant's deposit when a property is sold at a foreclosure sale and the new owner continues the lease? California
![]() |
What happens to a tenant's deposit when a property is sold at a foreclosure sale and the new owner continues the lease? California
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
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.
All times are GMT -7. The time now is 03:21 AM. |