Gretchen
I would recommend a couple of options:
1. If you are going to take a loss, retain the property as a rental Discuss the tax ramifications with a CPA
2. Why are you moving? If you HAVE to move, then talk about the best way to handle the move. Examples:
If you are moving for a job change, are there alternatives? will the new employer pick up part of the cost?
If you are moving for family reasons, will the famliy help out?
If you are moving for personal reasons, will the reduced stress make up for the cost?

3. What happens if you list it you cannot sell for six months? What if at the outset you list it and lease it. You'll have to get into a landlord's mentality.....but there are big gains to be had for being an accidential investor., It happend to me...

Gretchen is talking about Roseville Minnesota .. not the one in California if you have an answer for her, put it into this link:

http://www.trulia.com/voices/Home_Selling/Willing_to_lose_on…

Have you considered having the home staged? It is reported for example that a 3 bed/2ba home that receives home improvements (part of staging for sale) and staging combined in the amount of 5,000-8,000 nets a return on investment of 150%. These sellers can earn anywhere from 20,279.00 to, as much as, 23,532.00 depending on geographical location. I'm providing the link below for you to verify.

On The Home Seller’s Radar: Home Staging
http://blog.homegain.com/home-seller-radar-home-staging

Your home reduction may be appropriate if your home is priced higher then the market will bear. If your not, and your budget allows, you may want to consider this suggestion.

In this market it is now necessary to be as competitive as possible or basically out shine the other homes on the market.

Just a suggestion and hope this helps.

Short Sale is always an option. Call your loan servicer (most times the lender) and ask to speak to the loss mitigation department. You will get on the phone with a loan counselor and explain the situation briefly to them. They will transfer you to a more experienced person and explain your situation again to them. You may need to be late on your payment in order for them to send you the information regarding the short sale. In that case you can wait till the payment is "delinquent" (like the 16th or 17th), don't be 30 days late or else it will be on your credit for years.

It's a viable option in this current market. They will make you get an experienced Realtor and sell it for under the loan balance. It is a better option than being foreclosed on because it does not affect your credit.