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-   -   Rental Deposit and Foreclosure (https://www.askmehelpdesk.com/showthread.php?t=127085)

  • Sep 7, 2007, 07:17 PM
    deborahpost
    Rental Deposit and Foreclosure
    What happens to a tenant's deposit when a property is sold at a foreclosure sale and the new owner continues the lease? California
  • Sep 8, 2007, 09:48 AM
    excon
    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
  • Sep 8, 2007, 01:48 PM
    froggy7
    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.

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