If a tenant has 11 months on lease and property that was foreclosed and auctioned and the new owner is flipping property, will my lease still hold up?

I have 11 months on my lease for my condo, where I have been living for over 3 years. The condo went under foreclosure and was auctioned. The person who bought the condo at the auction bought it for investment and is trying to sale/flip the condo. If he sells it to a buyer who plans on using it their primary dwelling, will my lease still be valid for the remaining 11 months or will I have to move in 90 days?

Asked on July 31, 2012 under Real Estate Law, California


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Under 2010 federal law, if the home that you have eleven months remaining on your lease and if it is lost in foreclosure, you are entitled to ride out the balance of your lease so long as you are current on your monthly payments and have not otherwise breached its terms.

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