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    deborahpost's Avatar
    deborahpost Posts: 1, Reputation: 1
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    #1

    Sep 7, 2007, 07:17 PM
    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
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    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's Avatar
    froggy7 Posts: 1,801, Reputation: 242
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    #3

    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.
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