Real Estate Law
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Before President Obama signed the "Protecting Tenants at Foreclosure Act of 2009," most renters lost their leases upon foreclosure. But this legislation provided that leases would survive a foreclosure. The tenant could stay at least until the end of the lease, and month-to-month tenants would be entitled to 90 days' notice before having to move out (this notice period is longer than any state's non-foreclosure notice period, a real boon to tenants). When your lease expires on 12/31/15 you will become a month to month renter, so the new owner will only be able to evict you after 90 days notice, but you will need to continue paying your rent. You do have rights and that should give you more time. If you stop paying rent then you could be evicted with almost no notice, so I would say keep paying rent (when the bank or a new owner take the foreclosure you would pay rent to them). You have to give 30 days notice to move out ads a tenant in a month to month but this should give you the extra time you need.
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