You need to continue to pay the rent to your landlord even if he is losing the home as your lease contract is with him; not the bank.
If you do not pay your rent, then you may be subject to late fee fines or even eviction. Check your lease to determine the ramifications.
The owner's lender or a real estate agent representing the bank will contact you when the time comes for you to vacate.
Prudential Connecticut Realty