Finding new job after foreclosure or BK

[ultimate4799]

Hi Prof Shays, *** and all members in this forum,
Just like to get consensus specially to those who've experienced foreclosure already. As the economic downturn persist, I saw thousands of people in my employer alone getting laid of and I believe this is everywhere. I'm now 60days behind on both my mortage and worried that if this bad things persists, and if I you get hit and loose job, will new employers take foreclosure or BK against you when considering you for a new position in their company and they saw this when running your credit report? Lets say for all professions other than accounting or financial jobs?

I highly appreciate any inputs and I'm from CA which have the worst unemployment statistical data nowadays.

God Bless to everyone on this good forum..

[The Professor]

I seriously doubt, at least here in California, that he fact that you have lost your home due to foreclosure would have a negative effect on your ability to get a job. Frankly, not being tied to a home and having the ability to be mobile, may be a positive thing in terms of getting a job. At least your won't be tied to a geographic region.

When looking for a position, consider (as I did in 1999) finding work in a a career path that is not effected by the sort of lousy economic times we are currently facing. The joys of tenure and union protection (with a seniority list in place) provide me with comfort that few employees have.

Take care,

Daniel

[ultimate4799]

Thanks much for the tip and advise, Professor. This is what I've been doing now, looking for a new opportunity that is sustainable no matter what the economy is... I don't wanna be caught offguard by my employer not prepared for my long term strategy...

[Jumbo101]

Agree with shays, There will be alot of people with bk when the hiring starts. You being able to spin it in an interview if it comes up will be your challenge.