I am a renter, the house I am renting went into foreclosure. The mortgage has been taken over by the lender. I am still waiting for the lender to contact me. The house went to auction on Aug. 20th, 2008. Who is responsible for my deposit that I paid when I moved into the house over 2 years ago? Also, I was contacted by another renter from same investor, whose house was also foreclosed on. Apparently, this person along with several other renters are forming a group to sue the former investor/owner. Basis for suit is that there is a California civil code called "Rent Skimming" that says it is illegal for a investor/owner to collect rent from a renter while defaulting on the mortgage payments. Is this true? I am not into understanding civil code and really do not know much about the law concerning any rights as a renter. These other renters are asking me to join in their lawsuit. Should I do that? Is there really any basis? Is the the former owner really responsible to refund me back all my rents that he pocketed while not paying the mortgage? And does he owe me the deposit I paid him when I moved in? Apparently this former investor/owner had multiple single family home properties, including Apt. complexes that he defaulted on while renters were still paying him rent. If anyone knows anything about this so called civil code please let me know. I really do not want to join a frivilous lawsuit if it is not true. Plus I would like to at least get back my rental deposit. Thank you..
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