If your owner is doing a short sale, then your lease will go with the property. The new owner may or may not want you to move. You should be current on your rent, or have the rent in an escrow account.
I suggest that you ask your landlord to keep you informed. ..
They, at some point, will contact you. Wait and see what happens. You might get very lucky but be prepared to move soon.
Also, now and right after the foreclosure, don't expect anyone to do any repairs since the lease is void.
Broker/Owner, Multi-state Licensed Real Estate Brokerage U S Spaces, Inc.
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Best of Luck,
Josh Barnett, Realtor
Metro First Realty