[farmer]

I'm curious to what happens to the vehicle. I'm seeing a lot of these lately maybe because of End of the year accounting for banks to claim losses. Who retains the vehicle if they don't repo, can the debtor get a title, can the debtor settle if acct. was sold to another company?

[divemedic]

In Florida, in order to own the vehicle that has a lien on it, either the lien holder must notify DMV that the lien has been satisfied, or you must wait 5 years (it may be 6, I cannot remember) if the lien holder cannot be found or contacted.