Q: I have filed a chapter 13 as i want to keep my home. Lender wants me to sign a deed and lieu.
I took out a heloc from my bank, it became due and they sold my loan to a lawyer. I called him, and asked him what i needed to do to get my loan up to date. He said he would call me back with a number i could pay. I asked him If the amount due was the whole loan, he said no. 3 weeks went by and i never heard from him, finally i was able to reach him via phone, he says i owe $13000. My loan was for $13000. I received foreclosure papers and filed a postponement of sheriff sale, i made the choice to file chapter 13. They want me to sign a deed and lieu, stating if i default they will give me 5 weeks and $5000. They objected to the first plan payment of $960 monthly, so a second plan payment was put on the table of $1260 a month. They agreed and also wanted to be the sole person to be able to redeem the loan at the sheriff sale if i defaulted, i agreed. A few minutes later they changed there mind and want me to sign a deed and lieu. Attorney will quit, bcuz i cant afford fees.
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