Hi! My name is XXXXX XXXXX I'll be the attorney assisting you.
Thank you for asking for me.
The reality is - Fannie Mae owes you the security deposit.
The new owner of the property after foreclosure, or however they over ownership, makes them responsible for the tenant's security deposit.
In the event that a Tennessee landlord sells the investment property
, or the property otherwise changes hands, the landlord is required to transfer all security deposits to the new owner. The landlord must then notify the tenants in writing that the new owner is now in possession of their deposits.
Foreclosed or bankrupty is not a problem at all. It makes no difference if the property has been forclosed or even if your landlord is bankrupt.
Fannie Mae failed to follow the law in multiple ways here in your situation.
Landlord tenant law in the state of Tennesseeis very clear There are specific steps and requirments that a landlord must meet regarding security deposits.If the landlord does not follow the exact letter of the law then their right to withhold ANY of your deposit money is forfeited completely. In this case Tenant laws in the State of Tennessee force the landlord to return 100% of your security desposit.
I would file suit against Fannie Mae in your local small claims court asap.