United States LAW:
Many people are not aware of this law, based on the number of questions here over the months.
Under the Protecting Tenants at Foreclosure Act, which Congress passed last May, tenants are usually eligible to stay after the property has been foreclosed as long as they have a valid lease and are paying their rent regularly. Even renters on a month-to-month lease get 90 days to leave.
Many banks and especially real estate agents will lie to you and say you have to move. Don't listen to them. Contact your local tenant rights organization for assistance or an attorney if you need more help.

