21st Foreclosure
help getting security deposit back after the landlord lost the home to foreclosure?
the home was sold on July 27th at an auction and that is the day we moved out. we returned our keys and sent a letter explaining where to send our deposit on that day. the 21 days has now passed and we did not recieve the deposit or a required deductions list. the landlord did not even give us the required inspection prior to moveout. we are going to take him to small claims and sue, i think we have a very valid bad faith claim as well, to ask for double the deposit. i have been reading about california civil code section 1950.5 which covers this, but i was wondering if anyone has any suggestions, have had similar experiences, or know of any relevant prior cases that i can use in our defense. thanks
You aren’t getting your money back easily. It’s likely you will never see it.
How miserable would you like to make it for them? If you would like to make it more difficult for them to steal your money you should take them to small claims court and win a judgement against them. Obviously if they let their house/investment go into foreclosure they are probably willing to let an unpaid judgement go against them too.
I, personally, would take them to small claims court just to make it difficult on them, realizing that I would likely never see a dime from them.
Foreclosure Market Weekly Recap | Atlanta, GA | August 21st – August 27th 2010
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