Note Due Diligence Checklist

[Pat Lowry]

I am currently looking at various opportunities to invest in notes. As a newbie, I don't have a standard due diligence list to send as part of providing offers. Here is what I would think to ask for:

Copy of note and deed of trust document
Verification of payment history
Copy of HUD statement for original purchase
Statement verifying types and amount of improvements/rehabs completed
Copy of latest real estate tax bill
Copy of hazard insurance policy
Verification of title insurance

I am assuming it will be up to me to pay for the BPO appraisal. I'm am sure I missed a lot but would appreciate any thoughts/suggestions.