yes if it happens that way b/c banks arent in the business of selling cars.

so here is what happens.

your car gets repo'ed and you owe 3,000 on it.
the bank sells it and gets 4,500 for it.

4500 - 3000 to pay out the loan = 1500 in gross earnings. now deduct and repo/collection fees (locating, recovery, towing, storage, etc) and they usually find a way to dissolve any excess earnings. BUT if there is any net income, they are required to give it back to the borrower.