GREAT question. You are in a particularly great place to have this happen to you (Los Angeles)

Basically, if you live in the city of Los Angeles and there are two or more units on the property (even if one is an illegal unit!), ALL units are subject to rent control; in other words, you are entitled to a *lifetime* tenancy. Unethical or uninformed real estate agents listing the property sometimes say "Gee, sorry to tell you this, but the place has been foreclosed on and you have to move." NOT TRUE.

Now, what if you're renting a house, which is NOT subject to rent control (what we call a Single Family Dwelling)? Well, thanks to various bills by Obama and the LA City Council, renters of houses enjoy virtually the same protection, for the time being. They must continue paying rent to the bank, but basically don't have to move until the bank sells it to the next owner. For details, call 866-557-RENT.

Don't be intimidated!!