Note questions and analysis

[Nicholas Heinrich]

So there is a note here for sale.

Can someone let me know if I'm correct? They still owe 6k. If I bought the note for 4k. And they paid off the whole thing I'd make 2k profit

Now my options would be to renegotiate with them say bring down intrest or something so they pay. I might lose some money in that deal but lease it would be back to performing.

Or I could go through with an foreclosure process and take the house. Worth Zillow estimate 100k. In this case I profit 96k?

Have i been correct so far? are there any other options? Where are the cons?

https://paperstac.com/for-sale/2019030618062242564...