I've never been a big fan of competitive bidding when I am a buyer, hence all the way out strategies that I employ.

However the lands owners seem to be using their places as a get rich quick method since blind announced the move.  

I own and operate an internet advertising agency and I think I see a niche where my agency's skills could be profitably employed. 

If you are talking about short term capital gains or self employment tax or anything related to flipping a property you really need to consult a CPA.

@William Allen You will want to look at an LLC taxed as an S-Corp to minimize your self-employment tax liability.

I would also say waiting patiently for the day I can be self employed.

I've found a few awesome properties using this method. 

If you are, most states have a method of for "bonding them off" by placing cash for say 110% of the lien in a court registry.  

Here is an example:Now, I have a method to look up the address of the property in foreclosure by searching by the owner name. 

If you want to get the email just send me a message with your email address.We're on our 21st meetup and there's always a good mix of investors, from veterans to newbies and a variety of investment methods and locations, even some international visitors on occasion.