Tenant: I'll buy to stop foreclosure

Q: I'm a single parent and have been leasing a townhouse in California's Contra Costa County for more than two years. Suddenly the owner has gone into foreclosure and will be going to trustee sale at the end of the month. Is it possible to obtain a purchase contract with this foreclosing bank in return for my monthly rental payments as monthly mortgage without having to qualify for a mortgage and the whole 9 yards? I really like the place and hope to avoid moving because I've been through this two times before with other landlords.

A: Most people think that the foreclosure crisis is all about homeowners losing their homes to banks. But the New York Times recently estimated that more than 70,000 tenants who have been faithfully paying their rent have been evicted from their homes when their landlords lost the property through foreclosure.

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