This is truly a Legal question and we as Realtors need to be VERY Careful we do not give Legal Advice. I am also an investor and have rental properties. I MUST disclose to you that I am NOT an Attorney.
Tenants have a ton of rights. you should get a copy of the Llandlord Tenant Act.
It is available on my website:
Go to http://www.GreatMontcoHomes.com and look on the left for "Investor Resources"
You can download a copy there .
It explains all your rights as well as other resources

If I can help you in any way, feel free to call or write.

You, as a tenant, have plenty of rights. You must, however, continue to pay your rent even though the property is up for sale. Even if the property still ends up being sold, the landlord could still come after you for the rent owed up until the time of the sale.

I would think that if the property makes it to sale, you could be at the sale and talk with the person who bids and wins the property whether it be someone seated or the representative for the bank. They may allow you to stay and if they want you out, they must follow certain guidelines.

Try the site below for more info on your rights. I cannot vouch for the site on whether the info is correct or not. In the end you may need to consult with an attorney.

Hope that helps,

Terrence Charest, e-Pro®
REALTOR®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
Office: 215.659.5250
Fax: 215.659.5550
http://www.HomesForFreedom.com
tcharest@HomesForFreedom.com
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