Cancelled checks for Past Rent Payments

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This topic contains 8 replies, has 4 voices, and was last updated by  TTrumble 1 month ago.

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  • #48382

    Hello, one of my requirements consisted of providing cancelled checks for payments from my last rental residence since I have only been at my current residence for only 8 months (and NACA requires 12 months of rental payment verification.) of course I did not start paying my rent vi checks until my current residence/leasing period, and only paid my previous landlord via money orders. Well guess what I can not locate none of those little slips. So I reached out to my previous landlord to inquire if she has any type of documentation that she can forward me to provide to NACA; and I am just wondering if her response would be acceptable. Please see below:
    “I don’t have anything that shows proof, as the money orders were usually cashed or deposited.
    I guess you don’t have your receipts from when you purchased the money orders….
    However; I’m more than happy to send a letter stating that you were a tenant in good standing from
    August of 2017 through August of 2018.
    If this is acceptable let me know who address (mortgage co.?) and I will email it to you.”

    #48383

    tricey718
    Member

    Did your counselor provide a rental verification form to be completed by your landlord? That’s what I had to have completed by my previous and current landlord, since I’ve only been in my current residence for 7 months.

    #48384

    I filled out the Residency form that is in the NACA book. My employment verification was not sent out until I was able to get in contact with another counselor at ANOTHER office (granted we only have one counselor, as I was informed). Where, if possible, might I be able to obtain this form to assist ?

    #48386

    tricey718
    Member

    Your counselor has the form and will complete it for you to have sent to your landlord. That’s usually done once your file is close to being sent to the NACA underwriter. You need to just make sure you have good contact information for your landlord.

    #48388

    TTrumble
    Member

    Hello 3607Caddington,

    A letter from the previous landlord is unacceptable. The landlord will need to complete a Verification of Rental (VOR) form for the appropriate period. If they have sufficient information to write a letter, they have enough information to complete the VOR form.

    The Verification of Rental form has very specific and strict rules on how it must be handles. Your counselor prepares the form during your counseling session, and has you sign the form to authorize the landlord to release the information requested. Once you have signed it to authorize it, you may not come into contact with the form in any fashion going forward.

    The counselor sends the authorized form directly to the landlord, who is to complete the form and return it directly to the counselor. This is to eliminate the possibility of the form being tampered with.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #48389

    So would this be why my counselor requested the following?:

    April 2018- August 2018 cancelled rent checks to go with the lease when you lived at xxxxxxxx as we have to have 1 entire year of verified rent in the system

    #48420

    TTrumble
    Member

    Hello 3607Caddington,

    Exactly. We must have one full year of verified on time rent payments. You must either provide the VOR form (in your case, forms) or the cancelled checks/money order stubs to cover the complete twelve month period. Since you can’t find the money order stubs, the previous landlord needs to complete a VOR to complete the documentation for the past twelve months.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #49290

    Savantrice
    Member

    Hello, what if we don’t have cancelled checks. My property management company required payment via an online portal.You can see the ACH deductions on my bank statements but that’s it.

    #49395

    TTrumble
    Member

    Hello Savantrice,

    That’s actually exactly what the above thread is about. If you do not have the cancelled checks for any reason, your counselor will have you authorize a Verification of Rental (VOR) form which he or she will send to the landlord to verify your history of on time rent payment.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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