They are trying to get as much money out of you in the first place by taking the house which would be the largest amount they can get back, by re-selling the house. As for the difference in the house they could potentially come after you for the remainder difference on the house ($80,000), but in a lot of cases they don't because they could potentially end up not getting as much back if they just left it at taking the house (due to lawyer fees and a potential banckruptcy). If they do decide to persue getting the difference for the house value vs. the morgage they have up to two years after to make a claim against you, and they may not file this right away after the forecloser.
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