If staying as long as you can is the goal, California favors tenants and will require new owner (bank) to abide. Y any lease you have in place. Depends on your situation. Check with someone you trust for answers.
I can give you opinions.
By law you should be paying your rent to the owner or manager of the property.
If you know you wil never see your deposit again and you wish to risk it you can
usually you pay rent for the month of meaning if you pay rent for NOV. So if the owner is gone, and you wish to risk not paying your rent and you understand that things can happen according to the law and your lease,...
If it were me, I probably would not pay either. I would say to the previous owner if asked for the rent. is there an escrow account for my deposit? I need your contact info to possibly sue you to get my deposit back. It is my understanding, you will only be owning the property until til 4pm the 3rd so if you want rent for 2.5 days I can prorate it and pay 10% of the rent. Thats just me.
Then I would send a letter demanding the deposit back on the day the old owner no longer owns the property demanding the deposit back. You will probably need it soon as you will possibly be moving in the next couple of months.
You should read the tenants rights - California - and possibly ask a real estate attorney.
We can not give legal advice. perhaps you can find a legal blog and ask.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
Also, not sure of California law, but in New Jersey your security deposit MUST BE transferred to the new owner, even if that owner is the bank, when and if ownership transfers. If it does NOT transfer for some reason, you have legal recourse against the landlord in small claims court and sometimes, is the case here in NJ, there are additional penalties for landlords who break the rules. So, again, you need to know what the law says in California.
Good Luck, it's probably not nearly as bad a situation as you may think.
At this time, do not pay any more rent. You will likely not see your security deposit either and may even be pressured to move out quickly. After the auction sale, whether a bank takes it back, or someone buys it for cash, as a tenant, you will have at least some time to move out and probably an offer of 'cash for keys'. That means the new owner will pay you to move out in a timely manner and leave the place in decent shape. Typically it's $1500 or so, sometimes more, sometimes less. It can't hurt to negotiate and insist on more time if you need it and more money to move out sooner.
New owners really don't want to fight you, and as a tenant you do have rights, for example a 60 day notice to move out if you've lived there over 1 year. It's 30 days for less than a year. So if the new owner offers to pay you $1500 to move out in 2 weeks, tell them you'll do that for $2500 or leave in 30 days for $1500 - something like that. Whatever seems to work best for you.
For the next place you consider renting, do not hesitate to contact me with the address and I can quickly tell you if that owner is in foreclosure default or not. Considering the foreclosure process can take as long as 18 months (banks are overwhelmed), that's a lot of rent skimming with you on the losing end.
Once burnt, twice shy, as they say. Very good luck to you. cj email@example.com