The video discusses the foreclosure crisis, the process of foreclosure, and the challenges that arise when dealing with properties in redemption. The foreclosure process involves a sheriff sale where the property is auctioned off, and after this sale, there is a redemption period during which the property owner can still do what they want with the property. When dealing with properties in redemption, it can be challenging to obtain a certificate of redemption, especially if the purchaser at the sheriff's sale is a private investor. It is important to have early contact with the investor and to get the first redemption certificate or amount and payoff letter early in the process. Additionally, all liens on the property still exist during the redemption period and must be paid, which can lead to short sale conversations to get the deal done.