What are our rights if we entered into a one-year lease on 9/30/09 to rent a house but the owner stopped making mortgage payments shortly thereafter? We just found out that the house is being foreclosed on and going up for auction next month. House/rent is being managed by a property management company but the owners are the ones who signed the lease. Once the house sells at auction, does the new owner have a right to kick us out immediately or do they have to honor the existing lease? Do we have any legal recourse?