Just a random question, but what happens to your security deposit in a foreclosure? I know LL’s are suppose to protect it and all, but they are also suppose to pay the morgage, and we wouldnt be there if they were. So what happens if the house slips in a NOT, and the LL happened to dip into the security deposit to help with their own personal “subprime liquidy crisis”? If they declare Bankrupcy, then what? Renter is out a G or two and ????????

I guess if that happened I wouldnt have any problem not paying the rent for the last month or so. With the banks 30 day notice that is 60 days to find a new place and save up. Otherwise pay the rent and move on with your lives. Seems kinda backwards to me to get all pissed when these people bought houses they had no intention of paying for when you are renting houses you have no intention of paying for.