Legal Question in Credit and Debt Law in California

No, it will be sold and you will be asked to pay the balance of the loan and the cost of repossession less the amount paid by the buyer at the auction. Sooner or later you will receive a notice with the total of what you owe and a collection company will be assigned to get it and sue you for the amount owed plus interest and attorney's fees if you are sued. If the amount is small then maybe they won't bother to sue you.