If you were to buy NPNs from a broker…

[Eddie Starr]

I'm currently doing research, so guidance is helpful. 

I'm looking for some advise: what you would like the broker to provide, for due diligence. What I would do is provide the tape from the financial institute, and then, they can tell me what information they want on the notes they're interested in.

I would consider offering the following:

• Crime summary of the property's location from Trulia.
• All the county tax information (usually from the assessors), including the city's info (eg, taxes).
• Comps and ARV/FMV, upon request, for those whose plans include taking possession of a property, and may want to sell it.
• Rent averages, for those whose plans include taking possession of a property, and may want to rent it.
• Title information from a local title company.
• General city stats (so they can have some ideas of the local market).
• What else?

Would you protect brokers / consultants with a fee agreement, and what would you include? Would you include, in the agreement, that you would work directly with the broker, not bypassing them, with them agreeing to provide the above due diligence for you?

Thanks for your help!