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I have a fixed-term lease on a home that was foreclosed upon in Nov. 09. The bank currently holding the deed to the house has said that my lease is invalid. I don't think this is correct:
1)I've had a lawyer examine the document and it is a valid legal contract.
2)I signed the lease Jan 2009; the first Notice of Default was recorded July 2009.
3)the Protecting Tenants At Foreclosure Act signed by Obama May of 2009 protects my right to stay through the lease term (I pay rent at market rate; I'm not a relative; the bank has no intention of occupying the property).
Is there any loop-hole, subtlety or anything else that would allow the bank to force me out before the term is up? My lawyer says no, but my experience is that this is a new area of law with few experts.