New strategy

Just watched a pitch revealing a strategy I haven't encountered until now. Reverse Short Sales. Find short-sales within a week of auction date. Contact listing agent to find out the buyers status; ie. if the buyer is still wanting and capable of paying for the property. If so, attend the auction and buy the property using whatever funding you have available, but only at with an acceptable profit margin. Sell the property to the buyer. Buyer gets the property the bank prevented them from getting. Listing agent gets a commission. You pay off the funding monies and get to pocket the left over profit.