In 2009, the United States Congress enacted the protecting tenants in foreclosure act. In its most basic sense, the act gives 90 days after foreclosure for the tenant to remain in the property if the tenant has a bona fide (actual, real) lease and the tenant is not a direct relative of the former owner.
There may be other protections which may be applicable depending on the particular facts of your case or situation. If you are a tenant and you want to maximize your rights, you should consult with an experienced attorney who specializes in property law otherwise known as landlord-tenant law. The attorneys at Arcadier and Associates, P.A can help if you answer all your questions and assert your legal rights. We have offices in Melbourne Florida and Boca Raton, Florida and we service the Central Florida and South Florida markets.