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Deposit in lieu of rent, Foreclosure imminent -CA

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snownsun13

Junior Member
My question involves a security deposit in the State of: California

I rent a single family home that was due to be foreclosed on April 1, 2010. I have just received notice within 48 hours prior to sale, that trustee has postponed this action 30 days while a loan modification is negotiated.

I know that CA Lease Agreement per C.A.R. includes terms that a security deposit may not be used in lieu of a last month's rent. However, our security deposit was transferred to landlord instead of being held in broker's trust account, so it is highly unlikely I would see this returned without filing some sort of legal action against landlord post-foreclosure.

There are reasonable rentals available in my area. I would like to give 30 days notice of my month-to-month lease without paying a final month's rent due to the fact my deposit will likely not be returned. Would this be possible?

Does notice of trustee sale provide for constructive notice of eviction?
 


Zigner

Senior Member, Non-Attorney
You cannot, by state law, use your deposit in lieu of the last month's rent.

My question involves a security deposit in the State of: California

I rent a single family home that was due to be foreclosed on April 1, 2010. I have just received notice within 48 hours prior to sale, that trustee has postponed this action 30 days while a loan modification is negotiated.

I know that CA Lease Agreement per C.A.R. includes terms that a security deposit may not be used in lieu of a last month's rent. However, our security deposit was transferred to landlord instead of being held in broker's trust account, so it is highly unlikely I would see this returned without filing some sort of legal action against landlord post-foreclosure.

There are reasonable rentals available in my area. I would like to give 30 days notice of my month-to-month lease without paying a final month's rent due to the fact my deposit will likely not be returned. Would this be possible?

Does notice of trustee sale provide for constructive notice of eviction?
 

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