You seem to admit there is a lease in place, so the short answer is yes, you are, most likely, still legally obligated to pay rent to your landlord. Keep in mind, the lease, and thus the payment of rent, is between you and your landlord, not between you and the foreclosing bank. The , foreclosure is between your landlord and their bank. The two are separate deals. Typical laws and rules apply, i.e. if you don't pay your rent, your landlord has the right to evict you. However, you are correct that you have some rights when it comes to the foreclosure. The bank can't just run you off. There are notice periods and other protocols they have to follow, but in the not-so-long run the bank will get you out of the property. "Cash for keys" is a very good way to get you out of the bank's property. It basically means that the bank will pay you to leave. It can be a pretty good deal for you. Also, you don't have to just accept the first amount they offer you. The amount is negotiable. Good luck to you.
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