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6. Income derived from rent must be verified by the renter in <br />writing or by examining copies of checks or rent receipts. <br />The date of the document used in verifying income may not be <br />more than 90 days previous to the date of approval of the grant. <br />D. Asset Verification <br />It is the responsibility of the city to verify all assets as <br />reported in the Application. <br />Acceptable forms of verification include the following: <br />1. Copies of bank statements showing the balance. <br />2. Verification letters from the banks, insurance companies, <br />stock broker, and the like indicating the amount of assets <br />and indicating the rate of interest received on those assets <br />when applicable. <br />3. View the property tax statement to determine the value of <br />other property owned and/or the value of acreage over two <br />acres surrounding the residence. <br />E. Title Verification <br />If No Repayment Agreement is Utilized: <br />Include in the grant package a copy of the most recent Property Tax <br />Statement indicating the applicant as owner or assessed name as well <br />as taxpayer or agent. <br />If an individual other than the applicant is listed as owner or <br />assessed name, a notarized letter of explanation must be attached to <br />the property tax statement explaining the reason, i.e., buying the <br />residence on a contract for deed. <br />If a Repayment Agreement is Utilized: <br />Title Verification Form must be used. <br />1. The Grant Administrator must obtain the following information <br />from the Registrar of Deeds regarding each property: <br />The full name of all owners of record, including first <br />name, ast name, middle name or initial and additional names <br />which may appear in the records such as maiden names. <br />b. A determination of the system under which the property is <br />recorded --either Torrens or Abstract.. <br />14 <br />