Lost on something...

[Shannon X.]

Let's say someone stops paying their mortgage, due to losing their job, however they still have a 100k mortgage on the house. Now at this point the bank takes the house away. Now when they sell the house as foreclosure are they gonna try to sell it for what the mortgage was worth at 100K or will they try to make more then what is worth OR do they sell the house for whatever they want like 90K and then you are responsible for paying that back mortgage?

Clueless right now :)

Thanks