Each first Tuesday of the month in Corpus Christi Texas, Texas foreclosure homes are set to go on the chopping block with the monthly courthouse auction. This is the same day the rush of lawyers who have bankruptcies to file work their magic in hopes these same Texas foreclosure homes will be saved. A third of those who are about to lose their homes wait until the last day before the auction is to be led to file the dreaded Chapter 13. This creates time for them to reorganize their bills and work out a five year plan of repayment. If they file any other bankruptcy type the homeowners might lose their homes to foreclosure anyway.

Texas has not been immune to the national foreclosure problems that are facing homeowners. Statistics show that since 2005, the amount of those who are loosing their homes is two times worse. Corpus Christi courthouse records show about thirty foreclosures is being completed each month. Local lawyers are sending out the letters to those who are on the foreclosures in Texas list in hopes of getting them to consider filing bankruptcy instead of letting it all go.

Filing papers for bankruptcy will stop the loss of the Texas foreclosure homes temporarily until the bankruptcy can be decided on and finalized. It also helps them to get whatever other bills they are behind on caught up and situated. Those who have Texas foreclosure homes tend to wait until the final days to consider the relief they might find with the Chapter 13 bankruptcy.