Executing Memphis Foreclosure

[Pharaoh Mitchell]

Hi, I’m negotiating on a 16 unit apartment complex here in Memphis TN. The owner did a promissory note to sell the property but the guy who agreed to the terms couldn’t afford his payments so the owner is ready to foreclose. The guy who agreed to the terms is not fighting the decision for the foreclosure and is willing to proceed. 

I also found a buyer who wants the property and is willing to pay cash , problem is, me ,nor the owner or the buyer is familiar with the forclosure process. CAN ANYONE HELP US??!?