Cynthia, your bank foreclosure documents probably told you what happens now....? If the property sells for less than the mortgage amount (owed) what did the banker tell you about this? Did you assign the deed to the bank prior to foreclosure action, or did the transaction go through the entire foreclosure process. If there is a balance of $10K owing after the sale, then, depending on the agreements made between the parties, it is likely that you still owe $10K to the bank. Not good news, but it all depends on the entire agreement of which we don't have the details from your quesion. Hope this helps?