I'm afraid the short answer is a resounding YES! If you fit into one of the categories above you are in danger of losing your home on very short notice. If your landlord gets foreclosed you will be out on the street. A foreclosure nullifies your lease or month to month rent agreement. Renters and tenants also stand to lose their deposit which is gone with the foreclosure. Lease purchase are at the greatest risk since they can lose their down payment all together, and this could be thousands of dollars. It is very hard to protect yourself in this situation since the owner is not going to tell you he is in trouble and may lose the home. And there is nowhere to go to keep a check on the landlord financial situation. Your best shot is to look carefully at the foreclosure notices that are published in the local paper. GA law requires this be published for a period of 4 weeks before final foreclosure. If you see your home is being foreclosed you have little choice but if you like the place and have the credit required, you might approach the lender about possibly buying the home. Otherwise, be prepared to move with short notice and take the loss.