Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - House I am renting is in foreclosure? - I signed a lease on August 3, 2010 for a house in Phoenix, AZ. About 1 week ago, we received a notice about the sheriff sale date being on 12/29/2010. Our land lady keeps saying that whoever buys the house has to honor our lease. The thing is, the house was included in their bankruptcy, which they filed for way before the lease was signed (her husband told us this) and their bankruptcy has been accepted. Should we have the renter's association break our lease for us (they already said the could because we didn't know about the whole thing), or should we/can we stay longer? -