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Escrow held in a Short Sale that I was renting which went to Trustee Sale - California?

  
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Escrow held in a Short Sale that I was renting which went to Trustee Sale - California?

Postby delrico » Wed Feb 29, 2012 2:52 pm

Hi,
I was attempting to purchase the house I was renting as a short sale in California, but the bank did not do it's job in time and the house went to Foreclosure. Now - the landlord is saying that the new owner who bought the property is responsible for my $3k deposit I made with him and is giving me push back on getting my deposit back. Also, am I entitled to 60 days before moving out or 90 days under California law? Thanks
delrico
 
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Escrow held in a Short Sale that I was renting which went to Trustee Sale - California?

Postby adin55 » Wed Feb 29, 2012 3:05 pm

The new landlord is responsible for your security deposit. As part of the sale, the new landlord takes all liability of the previous landlord.

Under federal law:
if you are on a month-to-month lease = you can stay for 90 days.
If you have a formal lease, the formal lease is still in place and you need to stay until the end of the lease (unless the new landlord asks you to move earlier).
adin55
 
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