Re: Foreclosure in CA, security deposit - Landlord Forum thread 358793

Re: Foreclosure in CA, security deposit by Phillip on December 3, 2018 @13:57

Not 100% sure in regards to foreclosure, but regardless, do you have proof that you paid a deposit and proof that it is still in good standing prior to the foreclosure? When I sold my last rental property, I provided all the tenants with last minute verification that a deposit was kept on hand for them, as required by all state laws. During my sale, deposits were transferred as part of the sale, to the new owner, but I prepared my tenants with documentation, should they need it, when they leave.

I would get your documentation together and if/when you decide to leave, if a deposit it not returned to you by the owner of record, in the period required by the state law, sue for double or triple the amount (if allowed by law) from the current owner.

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