Short Sale vs Foreclosure - Part 4

Foreclosure versus short sale and how it can affect employment.

Foreclosures are serious and they show up on your credit history and affect your credit score (see previous post).  Did you know that employers reserve the right to check your credit as needed?  Some jobs that are considered sensitive (like some military positions, CIA positions, police, and high profile security jobs) and may regularly be subject to credit checks.  Depending on the job a foreclosure can have a negative impact.  If you are applying for a new job, be aware that many employers are performing credit checks on all applicants and a foreclosure can challenge your employment eligibility in some more sensitive fields of employment.