Likely, the auction is online as most all FL counties are.The attorney is correct that the property has to go to auction OR you buy directly from the actual owner OR the owner executes a deed in lieu to the lender. 

., they all have to redeem from the investor before they can foreclose or execute and convey good title.

thanks all, thx Pat, Pat, after you purchase your forclosures, are you setting up any as lease (tenant) with option to purchase, and also doing seller finance (selling) if they execute the option to purchase?

 What you have described is a series of events, that potentially involves the buying of two properties.That is not a plan...that is a series of events.A Plan involves, at the start:1 - a set of Financial Goals2 - a timeline for completion3 - a series of events that need to take place, in a specific order, all of which are connected to eachother.4 - a set of specific options (strategies) that will be used for each step you execute in #35 - a financial requirement for each step above (and below)6 - a location or specific market that each step will be executed in7 - a list of any and all outside sources and/or resources required for each step8 - a list of financial resources for each step which include the amounts needed, cost to get, cost to use, and source to access from10 - a way connect all of the above together.11 - ...and that's just the start

So, some of us prefer passive investing with others who have full time staff dedicated to deal flow. 

And this is assuming the sponsor executes 100% to plan for 10-12 years (which is definitely not guaranteed either).

There are 5 different types of areas:A - where people like you and me want to live: best schools, very low crime, very few rentals (luxury apartments, high end homes for rent to executives, etc)B - a step below A; very good schools, low crime, some rentals, this is where the median price homes usually are (this is the BEST place to buy single family homes for long term buy-and-hold); this is also a good place to buy multifamilyC - OK schools, average crime rate, lots of rentals, THIS IS ACTUALLY THE BEST PLACE TO BUY MULTI FAMILY because the cashflow is good but not too hard to manageD - bad schools, high crime rate, lots of rentals with problem properties (boarded up, broken windows, etc).

Some of these big companies work with real estate agents who specialize in leasing properties for company executives.

The logic was that these liens would be very likely to be redeemed or the properties could be foreclosed on for profits.Reality was their marketing materials were far better than their execution. 

See how the active investors or GP structures and executes the business plan, and implement what I learn into my own business, which is where that other $50k would come in.