According to the Daily Journal of Commerce of May 25-26, recent legislation signed by President Obama allows tenants to stay in their foreclosed rentals through the end of their lease and then 90 days after that.  Public Law 111-22, To Prevent Morgage Foreclosures and Enhance Mortgage Credit Availability,  was signed by the President on May 20, 2009.  Title VII of that act, Protecting Tenants at Foreclosure Act, contains the language that protects the tenants.  The Act goes into effect immediately, and automatically terminates on Dec. 31, 2012.