Legal Question in Real Estate Law in North Carolina

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?

Asked on 6/25/13, 3:19 pm

1 Answer from Attorneys

Kenneth Love Ken Love Law

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.

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Answered on 6/25/13, 3:30 pm

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