Short Sales and Security Clearance

I am running into more people with security clearances that need short sales.  The question always arises about the impact of a short sale, DIL or foreclosure on their ability to obtain or retain a secutiry clearance.

Has anyone in the network had any experience with this issue?  Is there a source for information about it?

 

Thanks,

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Permalink Reply by Jason Boykin on October 31, 2011 at 7:44am

I work for DoD and I have a TS.  I just did a SS and it did not affect it.  I notified my clearance adjudication office in advance and got written assurance that it would not be an issue.

 

They did say that doing more than one SS would be an issue.


Jason

Permalink Reply by Keith Canty on October 31, 2011 at 9:40am

Thanks, it seems that disclosure is the key.

Permalink Reply by Sue Irwin on November 1, 2011 at 6:06am

I checked with an attorney who does legal presentations for our local MLS members. Two years ago she had said that one of the reasons short sales were better than foreclosures for homeowners was that foreclosures could affect security clearances.

   When I checked with her yesterday, she had a different take on it -- all having to do with how much of a hit a person's credit score has taken. If they have missed a lot of payments or have other credit dings, a short sale could affect getting a clearance as much as a foreclosure would. The fewer missed payments, the better, in other words.

   I like the discussion about being transparent with HR departments -- makes sense.

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