Have a Note buying question

[Clinton Smith]

Hello, I recently spoke with an investor/seller, who has a 4 plex in the Petersburg area.

He offered $1500 for the note to take over and I would secure the Deed of Trust. 

The property is still in the owner name. He advised can possibly foreclose on the home or get the remainder of the balance due which is $3K.

Any suggestions or advise on securing the deed under my name.

Anyone experience in this type of transaction.

Please send me a message with further details

Thank You,

Clinton