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Foreclosure and U4

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Dec 17, 2008 3:07 pm

I had purchased two investment properties in Florida a few years ago and based on a number of factors, change of job, a difficult market, etc. I am not able to hold on to either of them.  One has been in foreclosure for about a year and I am waiting for the bank to sell the property and the other I had just recently stopped paying the mortgage because I can't afford to any longer.  I have recently been laid off from a RIA firm, which this was not a problem but am pursuing a few different broker dealers.  My question to you is would this affect me getting hired?  I absolutely plan on disclosing the information but am trying to cross my T's and dot my i's.  Thank you.

Dec 18, 2008 3:24 pm

Let me ask you this question.  Look at your resume.  Not knowing all the details, would you hire you??