Buying Note with Lien

Thank bank I am working with has offered to sell me the note for over a 50% discount. The property is about 85% complete and has 150k in construction liens. Is it possible for me to purchase the note then foreclose on the builder IF I want to keep the property? My experience with foreclosure has always been related to a sale. I want to know if there is a way to forclose to get rid of all but the primary lien holder (me in this case). This will be used as a primary residence for now…

Thank you for the advise.

Foreclosing on the mortgage note is not going to wipe out the mechanic’s liens on the property. You’ll still have to come up with $150k to make those go away.