I have found a number of resources that might be helpful if you are interested in this topic.
About 38%of foreclosed properties nationwide are not owner occupied.
The Home Equity Theft Reporter
has lots of articles and information for tenants facing eviction when their property goes into foreclosure:
The Home Equity Theft Reporter
NLIHC
The current foreclosure crisis is affecting the entire housing market, including rental properties. Dependent on their landlord to inform them of a foreclosure, renters are most at risk of being evicted with little notice. With lower incomes and fewer resources, their options after an eviction are often limited. With this in mind, NLIHC is seeking to raise the profile of the current crisis’s impact on renters by providing advocates and researchers with an up-to-date list of resources on renters and lower income families in foreclosure.
NLIHC: National Low Income Housing Coalition - Special Topic: Renters in Foreclosure (http://www.nlihc.org/template/page.cfm?id=159 - broken link)
foreclosure and eviction practices by state:
http://www.nlihc.org/doc/State-Foreclosure-Chart.pdf (broken link)
The Shriver Center offers assistance and valuable information for tenants facing foreclosure:
http://www.povertylaw.org//poverty-law-library/research-guides/foreclosure-webinar/liben.pdf (broken link)
Testimony to the US House of Representatives:
HOMEOWNERS ARE NOT THE ONLY VICTIMS OF THE
MORTGAGE FORECLOSURE CRISIS; TENANTS IN FORECLOSED
RENTAL PROPERTIES ARE BEING DISPLACED NATIONWIDE
http://www.house.gov/apps/list/hearing/financialsvcs_dem/testimony_-_liben_1.pdf (broken link)
Over 20
recent video news stories about tentants being caught in the landlord foreclosure crisis:
NLIHC: National Low Income Housing Coalition - Non Print Media (http://www.nlihc.org/template/page.cfm?id=193 - broken link)
Here is the Federal Code on rent skimming:
http://uscode.house.gov/uscode-cgi/fastweb.exe?getdoc+uscview+t09t12+5073+5++%28equit y%20s
If you find yourself involved in this situation, do a little research, there are options, and you may find yourself more options.