Substantial evidence of responsible actions saves security clearance despite nearly $1,000,000 in real estate investment losses

MIDDLE ATLANTIC: Client defense contractor was issued a Statement of Reasons (SOR) under Adjudicative Guideline F – Financial Considerations, alleging three mortgage loan accounts, totaling approximately $935,000.00 in default/arrears, with all three being foreclosed upon and the Applicant being still liable for approximately $225,000.00 in outstanding debt. After working with client to resolve the outstanding financial liability, and presenting a strong case for responsible actions in incurring the debt, despite the substantial losses when the economy suffered a catastrophic downturn, the Administrative Judge found FOR THE APPLICANT and the clearance was granted.