A little about foreclosure and renter's rights ?

We have rented this house(in OR) for nearly two years and back in July the landlord (whom lives in CA) informed us the bank raised her mortgage( she has an interest-only loan) by $700 and she could not afford it. She goes on to tell us she is sending the bank a letter telling to lower the house payment or they can have it back. To put it mildly, we have a family of 6 and we have been in limbo ever since not knowing what is going on or if we are going to get a 72 hour notice on our door. She "says" she has not heard anything to this point. Then today an independent field inspector shows up today looking for the landlord and gives us a piece of paper with a number on it. Tells us "if" we see the landlord to give him that piece of paper. My question is; Does this mean they are re-financing and trying to keep the house or does it mean possibly the bank is taking it over and wants to know how much the house is worth? Also I have had people tell us the new Obama plan says AFTER the bank takes the house we may stay here rent free for up to 90 days? Is this true? Thank you so much!