I currently hold a TS clearance and have been through one reinvestigation already. My next reinvestigation is due in about a year, I believe.
We bought a new home in Oct of last year and decided to keep our townhome as an income property. The townhome is under water (i.e. worth less than we owe), so on the suggestion of our Wells Fargo mortgage broker for our new home, and based on information I’ve found here: http://www.loansafe.org/forum/threads/strategy-for-settling-your-2nd.37996/ we stopped paying the 2nd mortgage on the income property just after we closed on our new house in an attempt to leverage our 2nd mortgage holder to settle the account for less than the full amount owed.
The mortgage on our new home is spotless. The primary mortgage on the income property is 100% good, never any late payemnts. We have absolutely no other delinquent debt, but as we get further down the road with the 2nd mortgage, and I get closer to my next reinvestigation, I’m worrying more and more that this will prevent my TS renewal from going through.
Looking forward to any thoughts the experts here might have.