Yes.

There may of course be a liability of a loan secured by it you also need to report.

The liability on the note itself can be discharged, but the lien on the property remains- in other words, the creditor cant use the courts to collect the debt, but he can take the secured property if you stop making payments.

You should, unless its parked in a secured structure, where it can not roll away,fall down and cause an liability

what is a secured loan

A strategic liability is a liability that is strategic.