Can I Force a Lien Holder to Repossess a Vehicle?
Full Question:
Car has been parked on private property in Florida for more than 3 years because it does not run. It was left by our son with permission however he also wants it disposed of but the lien holder will not come and get it. The son and lien holder are in Ohio. Both we and our son are stuck because of the lien on the title. There was a loan which he was and still is unable to repay. We can not pay it either. The vehicle is 15 years old and not worth repossessing or trying to repair. We just want it removed from our property as does our son. He notified the lien holder of this long ago and told them they are free to pick it up. How can get get this accomplished?
02/12/2011 |
Category: Abandoned Property |
State: Florida |
#24214
Answer:
The lender most likely cannot be forced to remove the vehicle from your property if they decline to repossess the vehicle. If you are unable to agree to a settlement of the debt with the lender, then we suggest you try to sell the vehicle. You might contact a scrap dealer who would agree to haul it for parts if you are unable to sell it or donate it to charity, however, the son will still owe the debt if not barred by the statute of limitations.