Surrendering home, please help me understand this.

[amreynolds]

OK, so I am surrendering my home in my 13. I owe $153, 700. I do believe it can sell for what is owed against it. I have read where trustees sell the home, but my attorney said to call my lender about 2 weeks out from file date (5/11) so they got the letter from the court. He said to talk to the BK dept. He said for me to set up arrangements to give back the keys.
Has anyone ever done this? What if they won't take the keys? I am voluntarily giving the home back, what is going to actually happen? I am afraid to call them, but my attorney said they will talk to me. He said to not worry over the home anymore and the banks "had people to deal with this stuff." I am in Idaho. Just seems weird to me....has anyone had any experience in surrendering the home during initial filing? I am no longer in the home. Thank you.

[justbroke]

Chapter 13 Bankruptcy Trustees do not sell property. They simply administer the bankruptcy estate while you are in a payment plan. Should you choose to short sell or do a deed-in-lieu with your creditor, then you will need to set that up. You can speak with their loss mitigation (and/or bankruptcy) department(s) to determine whether they'll give you cash for keys. If there is only one lien on the property, they may take a short sell or do the deed-in-lieu (with the keys for cash)

Absolutely don't worry about the home.

[amreynolds]

Ok, thank you so much. There is only 1 lien and was primary residence.