How does a quitclaim deed after a sheriffs sale work?

[Kyle Keller]

So my associate and I recently found a property in forbearance and about to go into foreclosure. The seller has two loans - one for 3.3mil, another for ~300k, 300k in tax liens, 100k in realtor fees, and 300k in attorney fees, and the property itself is worth about four mil. 

In trying to structure a deal that would work, we came across someone who mentioned that we should allow the property to go into foreclosure and use a quitclaim deed signed by the seller to transfer the property into our name upon the sheriff's sale to circumvent the liens. She said she had done this like 50 times back in 07-08 and that it's a real thing.

Has anyone else heard about this? Time is of the essence, and I'm unsure how to proceed. I need a lawyer to review the situation but can't find a lawyer who has dealt with this.

As always, any help is greatly appreciated.