I would not recommend renting a home that you know may be foreclosed on in the near future. Unfortunately this happens quite often in my area. I've heard of several instances here where the owners know they are loosing their home and inadvertantly rent it out to some unsuspecting family from a classified advertisement. My advice would be to call a Real Estate professional or a relatively known local real estate office and inquire if there has been a NOD (Notice of Default) filed on the property. This is a easy quick search of recorded title documents and is a normal process for a knowledgable Realtor to perform. Best Wishes to you.