Posted by John Behle on March 09, 1999 at 18:41:10:
A property seller generally takes paper because they aren’t motivated. They might have to discount heavily for cash. The exception is when they need an installment sale.
Occasionally the seller is motivated to sell their note at a discount right after the sale of the property, but usually you need to buy another note at a discount and “trade” it to them (use it as collateral).