I recommend contacting the Lawyer's Committee for Better Housing for advice -- they have a special protject which advises tentants impacted by foreclosures. After a foreclosure judgment is entered, the property is sold. The sale then has to be confirmed with the court, and after the sale is confirmed, an order is usually entered requiring occupants to vacate the property. In general, tenants are entitled to stay in a foreclosed property until 90 days after receiving the required notice, or the end of their lease (if they pay their rent), whichever is longer. You should notify the bank's attorneys that you are in the property if you were not named in the foreclosure proceeding. They are sometimes willing to pay "cash for keys" in order to entice you to move out more quickly. See the following link for more information: http://www.illinoislegalaid.org/index.cfm?fuseaction=home.dsp_Content&contentID=6938
The above response is not intended to create, nor does it create either an attorney-client relationship or an ongoing duty to respond to questions. It is intended to be solely the educated opinion of the author and should not be relied upon as legal advice. Some responses may be advertising material. The response given is based upon the limited facts provided by the inquiring person and additional or differing facts might change the response. Attorney is licensed to practice law only in the state of Illinois. Responses are answers to general legal questions and the inquiring party should consult a local attorney for specific answers and advice. Answering this question does create a duty to keep information confidential, nor does it prevent me from representing an adverse party. Advertising Materials.