Typically, the lease is between the property management company and the lessee. Look at your lease and see if that is the case. In that situation, you need to continue pay rent to the property management company or pay them a termination fee. A lot depends on the language of the lease. Also keep in mind that if you have a lease, you will have at least 90 days after the foreclosure auction before you are evicted. If the house is not going to occupied by the purchaser in foreclosure, the purchase must honor the terms of the lease and you can stay in the house as if it were not foreclosed on. This is based on federal law, S. 896, P.L. 111-22 that was effective May 20, 2009.
Mr. Thompson is licensed to practice law in California and is located in Salinas, His response here does not constitute legal advice and does not create an attorney/client relationship. The response is in the form of legal education and is intended to provide general information about the matter in question. Many times the questioner may leave out details which would make the reply unsuitable. Mr. Thompson always strongly advises the questioner to cofer with an attorney in their own state to acquire more information about the specifics of their case.