FAKE PAY STUBS ARE MUCKING UP INCOME VERIFICATIONS

Part 1

Many managers rely on pay stubs to verify employment for their applicants, and some HFA’s even require it.  So we are using stubs to verify employment more than ever before.  Savvy housing providers, however, are finding as many as 20% of pay stubs presented are counterfeit.  This has become real struggle for some property managers while others do not even realize it is happening. 

To meet maximum or minimum income requirements for affordable housing programs, applicants and residents are providing false information, including fake pay stubs.  I am concluding this is happening for a couple of reasons:

Desperation –

  • In some areas of the country, there is a critical housing shortage especially affordable housing.  People are going go to new lengths just to have a place to live.
  • They make too much, so they present doctored stubs showing less income.
  • They don’t make enough, so they present doctored stubs to show they make more income.
  • They are not even working, but their property of choice has a work requirement.
  • They work for cash (under the table), and they or their employer do not want to get caught failing to report the income on a tax return.

Ease –

  • It’s right at your fingertips.  There are 100’s of on-line sites where you can either forge your own stubs or pay the site as little at $10 - $15 where they promise realistic looking stubs.   
  • I did it in 20 second.  Here is it:

Stay tuned for our next articles where we take a more in depth look at what we’ve uncovered including how to detect them, how to prevent them, and what to do if you discover you’ve already fallen victim.

Have you encountered fake pay stubs?  Can you share how you handled it?  

keep on complying with quality   -kg