Steps for selling your house
Selling a house is a fairly simple process and all you require is a real estate agent. When you put your house on the market and contact the agency, the agency will do two things, it can take over the house by paying you your quote or be the agent between the final buyer and you. Either way, you can negotiate the price of your house yourself and try to get the best possible deal you can.
If you are currently living in a mortgaged house and want to sell it, you can do that too and use the proceeds to pay off your mortgage. This might not be the best thing to do as the bank or lender will definitely charge you some amount for the early repayment. There is also the option of transferring the mortgaged house to someone else who will continue to pay the mortgage for you. The final option for you is to have the bank foreclose on your house, voluntarily. This way, you can get rid of the mortgage payments and the house. The last option should be exercised with caution and should be used only in extreme cases when there is no other solution.