Legal Question in Real Estate Law in California
On bank foreclosure of rental property, who is responsible for return of tenant's security deposit following trustee sale?
Asked on 5/10/10, 6:47 pm
1 Answer from Attorneys
It depends on whether or not the foreclosed-out owner transferred the deposit to the new owner or not. 99.9999% of the time that does not happen, making the foreclosed out former owner the one responsible.
Answered on 5/15/10, 9:21 pm
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