The bank does not have to pay you to relocate. If you did not have a lease or were a month-to-month tenant, you must receive at least 90 days notice to vacate. If you have a lease, you are permitted to remain in the home for the duration of the lease, unless the person(s) who buy the property intend to live in the property, in which case 90 days notice must be given. In some cases, the bank or the new property owner may make a monetary offer to entice you to leave the property sooner, but it is not a requirement.
Answered on Jan 23rd, 2013 at 12:40 PM