[header] How to sell your property before the bank takes it [title] Obtain the permission of the mortgage holder. [step] You never know exactly what the mortgage holder will be willing to accept. They have their own considerations, and they may accept something much lower or higher than you would have anticipated. 
Facilitating a sale for the bank benefits them and the seller. [substeps] If the mortgage holder does accept the offer, get their acceptance in writing, wait for the buyer's financing to come through, and close the deal.