But I agree with the recommendation that Thom has about talking to an attorney to find out what your exact options are. As far as the lender is concerned you are a tenant, but tenants have rights too. In California, if a rental property is being foreclosed, tenants have up to 90 days to vacate and most of them can negotiate a cash-for-keys deal where the lender will pay them several thousand dollars to move out without damaging the property.
The only thing you should be doing is consulting with an attorney.
Best of luck,
Broker / Owner & Certified HAFA Specialist
Thom Colby Properties
Newport Beach, CA
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