Previous owner did not return the security deposit

[Alex Ng]

I recently bought a new property with tenants. I am giving them a lease agreement and asking them for a security deposit. However, they told me that the previous owner did not return their security deposit. How should I go about this? Who should I reach out to? Should I reach out to the previous owner, the previous property manager? I was told to reach out to the title and closing company. 

[Tim Herman]

Look at your closing documents. You most likely got credited with the security deposits and prorated rents. So in another word you received the deposit from the seller.