We (my wife and I) decided instead of buying a new home and renting our primary we would buy an investment property with the funds instead and just sit tight in our current home in the short term.

Last year, I had a person sitting next to me tell that liens were 100% safe and there was no way to lose money.

Especially since I am currently sitting in one and very intrigued with this business model.

Itʻs been sitting in foreclosure for a few years and I wanted to ask some questions about it and maybe put in an offer.  

Especially when, as Todd points out, your other options besides sit and hope are really pretty crappy. 

I can't believe how many owners go for months with no communication and no payments, and then they eventually find out the tenant moved away, and the rental is sitting empty.

This is what I've been getting and we're sitting on huge gains because we're buying right so we're enjoying huge capital gains in a record time with high short-term rental income to boot.Because LTRs aren't very profitable there, you won't get a high return if you have to put down 30%.

I realize this current matter I’m posting on is probably long over, Being it’s been 3 years, but seeing these responses do not sit well with me and knowing you all are in the housing/rental market.

I'd need to sit down and figure out my real numbers over the last 3 years.

You should schedule a sit-down with a lender where all three of you can ask questions and hear the same answers.