Short Sale vs. Foreclosure & Your Employment

How will a Short Sale vs. Foreclosure affect your Current Employment & Future Employment? Here are the answers:

Current Employment
Foreclosure-Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination
Successful Short Sale-A short sale is not reported on a credit report and is therefore not a challenge to employment.

Future Employment
Foreclosure-Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and in most cases will challenge employment.
Successful Short Sale-A short sale is not reported on a credit report and is therefore not a challenge to employment.