Recent changes to federal laws protect tenants in a foreclosed property. If they are renting under a lease that started before the foreclosure, they can stay until the end of the lease unless the new owner of the property plans to live there. In that situation, a tenant with a lease is entitled to a 90-day notice period before moving out. If a tenant is not renting under a lease, the new owner can remove them after a 90-day notice period, regardless of whether they plan to live on the property. (State laws sometimes provide more generous protections.) Tenants who live in foreclosed properties often find that the condition of the property declines sharply after the foreclosure, so they may prefer to move before the lease ends anyway.