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Q: Can a foreclosure or charge offs cause you to lose your security clearance?
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If you are thirty days late on a non-reaffirmed mortgage will they foreclose on your home?

30 days generally will not cause a foreclosure. If the debt continues to be 30 days in arrears over months are foreclosure will happen at some point.


Could a pending foreclosure cause a bank loan to be declined?

Yes, if one got the loan after foreclosure proceedings began. When banks make credit decisions, they want to consider as much up-to-date information as possible. If a foreclosure is coming up but is not on the credit report, the bank may grant the loan. Once the foreclosure shows up on the report, the bank will conduct due diligence and see if they would have granted the loan knowing about the foreclosure. Most banks would not and will call the loan, making you responsible for paying immediately.


What can cause foreclosure?

The foreclosure process allows a lender to take back ownership of a property from a borrower. Foreclosure occurs when the borrower is no longer making the mortgage loan payments on time and in full. There are other factors that may cause a family to suffer from one of the many life changing events, such as:Divorce is a life changing issue. When there is a split in a household, this can cause people to lose their home in foreclosure. Divorce is definitely a reality of our society today.Unexpected illnesses lead to a excess of uninvited bills. Many people can't afford these expenses or do not have the insurance coverage to save them. Nobody plans to foreclose on their home, just like they do not expect to pay thousands of dollars in hospital bills.


How will a foreclosure affect your credit?

Foreclosure is a very damaging entry on a CR, and will cause problems if the person tries to obtain credit (especially another mortgage), in the future. Foreclosures remain on a CR for seven (7) years. Here is an interesting article I read just today on this topic. Here have a look: http://www.mortgagetonight.com/2009/01/how-foreclosure-affects-credit/


Can a foreclosure cause lenders to take money from savings account Ira's and checking accounts?

The rules that apply in a foreclosure are based on the state and the actually agreements signed by the borrower. A borrower can have still owe money to the lender after the foreclosure has completed if the process allows for a deficiency judgment. Pension accounts and other similar things are normally protected from claims. To really understand the fine details you would need to seek an opinion from a lawyer who is licensed to practice in the state where the property is located.

Related questions

What action should you take if you receive a clearance that will cause you to deviate from an FAR?

refuse the clearance and request and amended clearance


Can default cause you to lose your home?

Yes. That is what a foreclosure is all about.


Where can an employee apply for a business visa?

You can apply for a business visa at the immigration office, you should apply for the visa at least 60 days before you need it. Delays maybe cause by getting security clearance.


If you are thirty days late on a non-reaffirmed mortgage will they foreclose on your home?

30 days generally will not cause a foreclosure. If the debt continues to be 30 days in arrears over months are foreclosure will happen at some point.


Could your starter cause your battery not to charge?

No, a starter cannot cause a battery to fail to charge. It could cause the battery to discharge quickly.


How can one beat foreclosure?

You can't "beat" foreclosure. You can talk to the lender and try to work out some kind of repayment plan that will cause them to halt the foreclosure proceedings. You can also stall the process by filing for bankruptcy, but at the end of that you're still going to lose the house unless you've used the time to work out a deal with the lender.


Will a top secret clearance be revoked if someone receives a federal tax lien?

It will most certainly cause problems, but the result would be up to the person reviewing the clearance approval.


What is the root cause for the love?

The root cause for LOVE is SECURITY for living.


Can wrong valve clearance cause the engine to stall?

If the valves are incorrectly adjusted it will hurt performance.


Could a pending foreclosure cause a bank loan to be declined?

Yes, if one got the loan after foreclosure proceedings began. When banks make credit decisions, they want to consider as much up-to-date information as possible. If a foreclosure is coming up but is not on the credit report, the bank may grant the loan. Once the foreclosure shows up on the report, the bank will conduct due diligence and see if they would have granted the loan knowing about the foreclosure. Most banks would not and will call the loan, making you responsible for paying immediately.


What kind of charge is a buildup of electric charges and can cause a spark?

Static charge.


Which security classification do you apply when the unauthorized disclosure of a sop contents could reasonably be expected to cause damage to national security?

Top Secret is the security classification used when contents could reasonably be expected to cause damage to national security.