I moved into an apartment in a house 3 months ago. The lanalord and I agreed upon a 12 month lease. I recently discovered that the house in which I reside has been foreclosed upon and was in process since 2007 what are my rights should I continue to pay rent to the landlord?

Unless you are in California, you have a legal obligation to pay rent for as long as you are staying there.

Also if this is a Fannie Mae loan, they are now going to honor the renters lease on a property if they foreclose,