Employment Impacts of a Foreclosure

Keeping your credit strong is important not just for future purchases of homes, automobiles and other consumer items. It also may have impacts on your current and future employment.

Employment Impacts of a Foreclosure-

Security Clearances

Outside a conviction for a serious misdemeanor or felony, a foreclosure can be one of the most challenging issues against a security clearance. If a client has a foreclosure and is a police officer, in the military, CIA, or any other position that requires a security clearance- clearance may be revoked.

A short sale on its own does not challenge most security clearances.


Current & Future Employment

Employers have the right to check the credit of all employees who are in sensitive positions. A foreclosure may be grounds for termination.

A short sale is not reported on credit.

Know Your Options & The Hidden Consequences of Foreclosure
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