Legal Question in Landlord & Tenant Law in California

Not for that he isn't. If he lets the property be foreclosed and you have to move out before your lease is up or with less than 30-days notice on a month-to-month (or 60 if you've been there over a year) then he's liable for your losses and expenses from moving and finding a new place, including any higher rate you have to pay for a similar rental for the rest of your lease with him, if any.

This is a a new common situation in which a class action suit is ripe which may result in reformation of the real estate market removing investors from the single family home market. Contact me directly.