Unseasoned notes question

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Posted by vd on December 02, 2002 at 10:46:34:

I have a question about buying unseasoned notes.

If I am to buy a note created at the time of sale, isn't it the same as creating a new loan? In this case, do I make a buyer go through the same routine the banks force them when they lend? I.e. check not only credit history, but income as well, and maybe availability of cash and other assets...

Thanks,
vd

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