foexample, one way in which an owner can lose property is through what's known as escheat.heat provides that if the rightful owner cannot be located, that ps's property can be taken by the government. at first glance, it may seem highly unlikely that aone would simply forget about or abandon property. but it's something that happens with surprising frequency. newspapers often publish long lists of inactive bank accounts--accounts that have essentially been abandoned by their owners. if the owner of such an account doesn't eventually materialize, the proceeds in that account will be transferred--not to the bank in whose custody the funds have been, but to the state, on the grounds that the state is more deserving of the property than anyone else, apart from the actual owner. another way in which an owner can lose property is through a judicial sale. this can happen when an individual or a business loses a lawsuit and is ordered by the court to make a payment to the other party. if that payment isn't made, the property of the debtor may be seid and sold to satisfy the debt. t