I have type two diabetes have it well under control 4.4 for three years but recently my right foot heel has fatty lumps and red color also burning sensation is this a problem
This is absolutely a concern! Whether or not you have peripheral neuropathy, any swelling, redness, or changes in the foot are cause for great concern. Diabetic ulcers are the leading cause of amputation of the foot and/or leg for us diabetics. You need to see your Dr. immediately for this condition. It sounds like you may have infection in the heel. Consider seeing a specialist, I.E., an Endocrinologist, Podiatrist, and/or an Orthopedist to be evaluated for orthotics and/or diabetic shoes. Those "Hot-Spots" are a warning!
THAT DOES NOT SOUND GOOD // POSSIBLE DIABETIC NEUROPATHY AND DECREASED BLOOD CIRCULATION WHICH WILL CAUSE THE HEEL TISSUE TO START TO DIE // IT HAPPENED TO MY FATHER AND THEY HAD TO AMPUTATE THE FOOT // NOT TRYING TO SCARE YOU BUT YOU NEED TO BE CONCERNED // SEE YOUR DOCTOR OR ENDOCRINOLOGIST ASAP TO TREAT AND TAKE CARE OF THE PROBLEM