As a tenant with an active lease in a residential home that has been foreclosed, you may be able to work out a new lease with the purchaser of the property. If the new owner is unwilling to enter into a new lease with you, the owner can have you removed form the property by way of a Forcible Entry and Detainer. If this occurs, you can sue the prior homeowner (with whom you had the lease) for damages for having to relocate.
Answered on Jan 13th, 2012 at 11:09 AM