On 12/22/11 a rental unit that I currently occupy was short-sold with no equity per the Buyers Broker.

Asked over 1 year ago - Sacramento, CA

Therefore, my Security Deposit wasn't included in the transaction per the Buyer and Broker. The Seller, my previous Landlord claimed it was not a short sale as the property was not sold by the bank it was sold by him and therefore my Security Deposit was included in the sales contract.

Any thoughts on where the Security Deposit is?

Attorney answers (1)

  1. Michael Raymond Daymude

    Pro

    Contributor Level 20

    Answered . Both the old landlord and the new buyer are liable for return of your security deposit: CA Civl Code section 1950.5. File a small claims case against them both!

    I am licensed in California only and my answers on Avvo assume California law. Answers provided by me are for... more

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