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  1. #1
    Join Date
    Nov 2008
    Location
    East Coast but my heart's in Texas
    Posts
    64

    Default What Happens To The Vehicle If They Don't Repo

    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?

  2. #2
    Join Date
    Jul 2008
    Posts
    853

    Default Re: What Happens To The Vehicle If They Don't Repo

    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.

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