Foreclosures with the military

Discussion in 'Off Topic' started by Pima, Dec 2, 2011.

  1. Pima

    Pima Parent

    Nov 28, 2007
    Likes Received:

    Luckily, they are finally addressing this issue.
    I have a friend who works in personnel at Quantico, and he informed me of this issue about 18 months ago. It was becoming a nightmare for them because that foreclosure impacts their security clearance. They were having members PCS to Quantico that immediately lost their clearance which was needed for the position. Starting over a new clearance can take up to 6 months, which meant for 6 months the member was not doing their job.

    Realtors were well aware of this occurring because many will call their realtor to get guidance on how to rectify the situation. In my office 95% of us have some direct connection to the military (Retired or married to a member). We all had the same reaction when we get these calls...OH CRAP, do you have a TS clearance, if so get on top of this now.

    Unfortunately banks don't understand that for military members their job is in jeopardy.

    I am not implying that they purchased a home they couldn't afford and be given an edge. I am saying it is becoming an issue that can no longer be ignored.

    If you know any military in this predicament, please pass this along. Just as many military members are unaware of special programs within the military, or are too proud to ask for help, knowledge is key.

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