Foreclosure / Sheriff Sale-Is that a note as well?

[Mark Gruetzmacher]

Hey everyone,

I have been in the real estate game for awhile but mainly only do rentals.  As time goes by the idea of notes seems like a nice niche to look into.  The whole idea of getting started in notes is a bit confusing though.  Anyway I was wondering if buying a foreclosure at the court house steps was the same as buying a note.  From what I read , your are buying a note from the bank but it is also in foreclosure and you have to wait for the redemption period then the note turns into a deed to the property.  Is that correct?  I assume though that the whole idea of note buying it the cash flow so most note investors buy notes with the hopes of never foreclosing.  Thoughts?