gn – That’s about what I figured too. I do remember reading something recently about some legislature for renters in this situation, however I don’t recall if it ever went through, let alone if it was for CA.
DWCAP – That’s exactly what I plan to do when I pay the rent (I drop it off usually).
patb – My understanding is that my contract with the LL is independent of their ability to pay the mortgage. Until they are no longer the owners, I am liable and can be sued for non payment, court costs, etc. Please correct me if I am wrong.
Additionally, how does one go about doing the escrow option?