Wow, we definitely live in some troubled times. You are paying your rent and your landlord is not paying the mortgage. This means that you will need to start looking for a place to live.
In addition, please check with a tenant / landlord attorney about your rights. My understanding is that, as long as you - the tenant are not in default on your lease, you have some significant protections even in a foreclosure. All that goes away if you default (which means you do not pay rent). Now, if you have a moral issue about paying rents to someone who is not looking out for your best interest, then perhaps you can pay those rents to the attorney's trust account, on time, and have the attorney hold the funds in trust for the lender. Check with the attorney to make sure that this will retain your protections under Federal, California and City laws.
Some of the protections available:
1. Federal law signed in 2009 give MOST tenants the right to stay in a home, after foreclosure, for 90 days or through the term of their lease.
2. California law comes into play where the Federal law does not apply. Under California law, a tenant must be given 60 days notice to move after a foreclosure.
3. Many cities in California have enacted "Just Cause for Eviction" laws and foreclosure is NOT a just cause. Unfortunately, Westminster is not one of those cities.
To determine which, if any of these apply to your particular case, contact a tenants right attorney. Hope this has been beneficial in your quest for guidance. Dare to Dream.
Shel-lee Davis, CDPE
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty