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Old 07-28-2010, 11:40 AM
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Default Deposit due on Leased home that has been put up for

short sale or foreclosure.? I signed a 6 month lease beginning June 15th. The Landlords gave us 2 months to pay our security deposit which is due Aug 1st. However 2 weeks after we moved in the Landlords listed the house for a short sale and possible foreclosure. There seems to be an accepted offer on the house already. We are concerned about giving them the deposit and loosing it! We were not told by the Landlords that they planned on selling the property which is wrong. If we elect not to pay the deposit what will happen or how long before they can legally evict us? If we do decide to pay the deposit what are our chances of getting it back in December or actually being able to live in the house until December? Is there any way of getting out of the lease without ramifications since they've caused all these problems to us? Thank you so much in advance, We need lots of advice!
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