In the state of North Carolina, if an apartment building undergoes foreclosure, who is responsible for returning the deposit to the tenant when he/she moves out: the new landlord or the old one? Also, if it is the new landlord, is he/she responsible even if the bank did not transfer the deposit money to him/her?
1 Answer from Attorneys
The old landlord is responsible for the deposit. Unfortunately, practically speaking if he/she just faced foreclosure, it is possible that your security deposit is gone.