What are people talking about when they say selling on a note?
Instead of the buyer going to a lender to get the money to pay you off you (the seller) become the bank. Instead of taking cash you get a down payment from the buyer and take back a mortgage/Trust Deed and accept payments for the purchase. Depending on your situation, you can either simply keep the note and the payments, or if you need cash, sell the note at a discount for your cash from a note (mortgage) investor.