What strategy does this investor use?

[Justin H.]

Mods, feel free to edit if I can't post links.

I got a voicemail today from www.walkawaytoday.org. Figured it couldn't hurt to check out their website.

http://walkawaytoday.org/faq.php

They say:

It sounds like they get the homeowner to quit claim the property to them, they try sub2 and if that doesn't work, they buy the mortgage from the bank so then they own the mortgage. Am I right? Has anyone else used this strategy?