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The general rule is that once a building is sold, both the old owner and the new owner are responsible for refunding the security deposit. This means that you can request return of your security deposit from either the old or the new owner of the property. If the new owner acutually recieves your security deposit from the old owner, they are required to provide notice to you at the property that they now have your security deposit.
If the building was bought in a foreclosure sale, the new owner is liable for the deposit only if they got it from the old owner. Otherwise, the old owner is liable.
However, if the foreclosure sale happened in Chicago, the new owner is liable for the deposit. It does not matter if the new owner never got it from the old owner.
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