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Updated almost 13 years ago on . Most recent reply
Prospective tenant income verification question
Merry Christmas to everyone!
I am in the process of renting out a home and want verify the income for this couple that applied for it. My question is: am I legally allowed to do that and how do I go about it? Do I call the employer and ask for the human resources department?
Thanks in advance;[b]
Most Popular Reply
Employers will usually demand a signed relase to provide you the info. I'd recommend trying to have them fill out a 1005 / VOE. Modify the standard form to take Hud's name off it as well as anything suggesting it's for a loan. It looks professional and it asks all the right questions.
https://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/1005.pdf
If you get static, simply tell them you're underwriting their application similar to a loan.