Home Seller in Burleson, TX.
Lenders prefer the homeowners to stay in the property to maintain the home. Like Steve mentioned it would be up to your bank.
It would be best to list your home with a Realtor that can do a Short Sale. You would have to give written authorization for the Realtor to speak on your behalf along with a Short Sale Hardship letter.
This letter should describe succinctly yet persuasively why you the homeowner was unable to meet you loan payment. This documentation may include: hospital bills, doctor bills, home repair bills, documentation of unemplayment, documentation of incarceration, death certificate, divorce decree are some good reasons for a short sale.
If you need an agent in Burleson, contact me and I would be glad to help you with the sale of your home.
Thank you for sending in such a great question, Nancy Sillers 817.929.6961