Phoenix, AZ (PRWEB) March 19, 2013
Freeman & St. Clair publishes a new comparison/contrast report (February 2013) for Arizona residents thinking about application for a loan modification to stay away from filing for bankruptcy. Many residents nevertheless feeling the following effects of the housing crisis are facing possible economic disaster. When contemplating their options, most come up with two selections: bankruptcy or a loan modification for their home. In addition to being aware of the bankruptcy law in Arizona (http://www.freemanandstclair.com/arizona-bankruptcy-lawyer.html), prospective filers ought to know the ramifications of the loan modification procedure.

Bob St. Clair of Freeman and St. Clair mentioned, When considering applying for a loan modification as an option to bankruptcy, meticulously take into account the intended purpose of each processes. The loan modification application is intended as a form of financial help to folks who have experienced a alter in circumstance that left them unable to make the minimum monthly payment on their mortgage. The bankruptcy approach is in place as a strategy of providing a fresh financial start off.

The comparison contrast report published by Freeman & St. Clair is accessible on-line and contains added data on many elements of the loan modification approach vs. filing for bankruptcy including: