An increased number of foreclosures in the Las Vegas Valley have caused many conflicts. Among these conflicts is the relationship of a renter versus a landlord. The Las Vegas Review Journal addresses one area of question: what happens to the deposit if the house is foreclosed? The short version of the response they got from former president of the GLVAR is that the tenant is still owed their deposit, less any fees according to their contract, upon vacating the property. In fact, if it becomes certain the house will be foreclosed then the tenant should be given legal notice and should leave the property before the completion of the process.
It is an interesting read.