Can tenants of a foreclosed property get evicted?

One question that many renters have in today’s tough economic climate is, what will happen if the owner of the property where I am renting does not pay, and the property goes into foreclosure?  Will I lose my lease, and will I be forced to leave, sometimes with little or no notice, because I am unaware of what is happening with the property that I am paying rent to stay in?  These are important questions for anyone who rents a property, and to answer them, you must look at recent changes in the foreclosure laws that were passed for just such an occurrence and understand the new rights of tenants and foreclosed properties.

As of May 20th, 2009, with the passage of the “Protecting Tenants at Foreclosure Act of 2009” in the US Senate, tenants of foreclosed properties will no longer face immediate eviction upon the property entering foreclosure.  If your property has been foreclosed, you will be allowed to stay until the end of your lease, and if you are a month to month renter, you will be given ninety days to continue living there until you can find a new place to live.  This safeguard helps to prevent people from being displaced through no fault of their own because of a foreclosure action.

If you are facing problems with your landlord's foreclosure or your tenant's rights are not being respected, you should strongly consider contacting an experienced lawyer. Your attorney can help you enforce your right to remain in your home so you don't suffer because your landlord didn't pay his bills.