Much depends on context. For example, suppose that you:
know that the paper is always roughly centered (i.e. W/2, Y/2 is always inside the blob), and no more rotated than 45 degrees (30 would be better)
have a suitable border around the sheet so that the corners never touch the edges of the FOV
are able (through analysis of local variance, or if you're lucky, check of background color or luminance) to say whether a point is inside or outside the blob
the inside/outside function never fails (except possibly in the close vicinity of a border)
then you could walk a line from a point on the border (surely outside) and the center (surely inside), even through bisection, and find a point - an areal - on the edge.
Two edge points give a rect (two areals give a beam), two rects give an intersection (two beams give a larger areal) - and there's your corner. You should carry along the detection uncertainty (areal radius) in order to validate corners (another less elegant approach is to roughly calculate where the corner is, and pinpoint it with a spiral search or drunkard's walk).
This algorithm is amenable to parallelization and, as long as the hypotheses hold, should be really fast.
All that said, it remains a hack -- I agree with unwind, why reinvent the wheel? If you have memory or CPU constraints (embedded systems, etc.), I believe there ought to be OpenCV and e-Vision "lite" ports also for ARM and embedded platforms.
(Sorry for my terminology - I'm monkey-translating from Italian. "Areal" is likely to correspond to your "blob", a beam is the family of lines joining all couples of points in two different blobs, line intensity being the product of distance from a point from its areal's center)