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Definitely continue to pay your rent and make sure you pay on time. Make sure you get reciepts. Tenants CANNOT be kicked out of thier homes because of foreclosure. You may also want to contact your landlord and see if you can get money like you mentioned so that you can move on but this is highly unlikely since if they can't pay thier mortgage they will not have money to give you but it is worth a try. If you do end up staying, after foreclosure you will become the banks tenant, even if the bank then sells the home you will become the new owners tenant. THEY CAN NOT KICK YOU OUT. Of course by the time all of this happens your lease will probably be up and they are not required to renew you.
On the flip side, you can stop paying your rent and start saving that money in order to move. Eviciting a non paying tenant takes a long time and your landlord probably doesn't have the $$ to start proceedings on you ASAP anyway. This is not exactly the moral highroad here and not something I would be proud of doing but moving is expensive and if having to move again is going to put YOUR FAMILY in financial jepordy then it may be a last resort. If you do this, which I don't recommend, you will also loose your deposit.
Sorry for your misfortune...
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rental house in pre-forclosure
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