If you are a Section 8 renter, contact the Housing Authority for your rights to be explained to you. As far as I understand, the bank will have to honor the lease. If you are not Section 8, there is not much recourse at this time except civil action against the home owner, but it's an uphill battle. If you wish to pursue legal action, you should check with an attorney to have your rights clarified and to evaluate if this is worth the fight.

Speak with an attorney. I would think it depends on the situation. Keep in mind your landlord is losing their property as well and they are also in a very miserable and unfortunate postition. What recourse are you looking for? Tell it to a lawyer and see if that helps you find what you are seeking.

http://www.dawnsellssandiego.com/blog/

Bid on it. You will probably be the only and highest bidder. Is it absolute auction?

Foreclosed Renter,

I am sorry to hear about your situation. There are a few places in San Diego that can help in this situation. If someone were to buy the property from the current owner (via a short sale or otherwise), they must keep the current lease in effect. This might be useful to you if you wish to continue living there. If you are planning in staying in the area, it also might be possible for you to buy the house and have lower payments then your rent (depending on lots of factors). The site guidelines don't allow posting to commercial links, but if you would like more information, please email me at pburdine at gmail.com.

Foreclosed Renter,
Here is information from the government regarding renters.
THE WHITE HOUSE

Office of the Press Secretary
_________________________________________________________
FOR IMMEDIATE RELEASE May 20, 2009

REFORMS FOR AMERICAN HOMEOWNERS AND CONSUMERS
President Obama Signs the Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act Increasing Consumer Protections Related to Housing

•Establishes protections for renters living in foreclosed homes One of the often overlooked problems in the foreclosure crisis has been the eviction of renters in good standing, through no fault of their own, from properties in foreclosure. To address the problem of these tenants being forced out of their homes with little or no notice, this legislation will require that in the event of foreclosure, existing leases for renters are honored, except in the case of month-to-month leases or owner occupants foreclosing in which cases a minimum of 90 days notice will be required. Parallel protections are put in place for Section 8 tenants.

See the full article at the link below. Hope that clarifies the issue for you a little more.

You might visit the site posted below, they seem to have quite a bit of information on your situation.

Please contact an attorney for specific answers to your situation.

None, unfortunately. This is an all too common problem we are seeing in this brave new world. Sad really.