Hi,
I am currently renting a guest house in Los Angeles and the [front] house is - from the impression I got today, most liklely going into foreclosure.

So, my questions are:
1)Is there a possibilty that I may lose my security deposit?

2) How long before I have to move, say f it goes into forclosure in Feb.?

Thanks very much!


I should add that the front house is and has been empty for 5-6 months, they can't sell it.

1)Is there a possibilty that I may lose my security deposit?

2) How long before I have to move, say f it goes into forclosure in Feb.?

1. Yes, always that possibility. Have you talked to your landlord about the situation?

2. Months. If the property has been for sale a long time it may be an asset to have someone living there. There's also a chance the new owners, when that happens, could want you to continue to rent from them. Don't worry about it.

I haven't ever met the owner of the property, I have been dealing with the real estate agent, e.g., rent, minor repairs, etc.
The agent said she would put in a good word for me to the [possible] new buyers about me staying here, but I don't think the house will sell ...

The front house was being rented as well, however that family moved out in Augest, so the property has been on the market since then. From what I can see ... the owner doesen't want to to rent out the front house he is eager (desperate) to sell.

One more question, please -
Once the owner is in default, can he continue to try to sell the house?
I'm worried that he may already be in default and not have mentioned anything to me. The agent 'hinted' that forclosure may be a foregone conclusion


I will speak with the agent today regarding my security, nearly $2000.

Thanks for information, Jim. Very much appreciated!

If there's a real estate agent involved as a property manager she may also have some obligations and liabilities to you to account for your deposit. Who did you actually pay it to when you moved in and who was the check made payable to???

Being in foreclosure still doesn't necessarily mean you need to move immediately.

Be sure and keep good records of your rent payments and who got them.

Okay, got it.

I paid it to the real estate agent during the approval period, e.g., credit check, etc.
I've been making my rent (and security) check out to the name, XXXX.
I have kept all of the paperwork (which I signed during the approval period, just prior to me aactually moving in) which states when and to whom the rent is payable to.
Thanks again, you've been a big help!


ps I have left a message with her, so I'll keep you posted as to what she said.