what happens to my apartment security deposit if bank forecloses on my landlord?
landlord says he hasn’t made payments tobank for 3 months–in over his head. should i tell him to use my security for january 1 rent so i won’t lose my deposit? will bank give it to new owners if they foreclose and auction? i will need $ for new security deposit if i have to move.
Repossession
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3 Responses to “what happens to my apartment security deposit if bank forecloses on my landlord?”
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September 19th, 2009 at 5:53 am
Er sollte den in einem unterschiedlichen Konto haben, wei
September 22nd, 2009 at 5:25 am
The next owner must honor your lease, and that includes the security deposit even if they didn’t collect it from your landlord during the foreclosure process. Your security deposit is safe.
The only exception to this is if your current landlord returns your security deposit to you, either in cash or in lieu of rent. In that case, the new owner (bank, investor, private party, whomever) will be within their rights to receive a new security deposit from you if they wish.
September 23rd, 2009 at 3:41 am
Uw overdrachten van de veiligheidsstorting met de verkoop van het bezit. De nieuwe eigenaars zouden voor betaling van de storting verantwoordelijk zijn.