Greetings,
I have a question regarding the Protecting Tenants at Foreclosure Act of 2009.
The law states that:
"The protections of this law apply only to "bona fide" tenants — meaning that the lessee is not the mortgagor or a child, spouse, or parent of the mortgagor; the lease is the product of an arm’s-length transaction; and the rent is not substantially less than fair market rent (unless it is due to a government subsidy)."
What do they mean by "arms-length transaction"? Is the fact that I am the brother of the current owner preclude me? I have been renting this property for over 7 years with leases.
Thank you in advance,

