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The first step is to contact the leinholder. If they think it is worth repoing. they will pay the $2000 in "storage fees". Be sure and check your state laws for how many days you have to contact the leinholder AND how many days storage the leinholder has to pay AFTER you notify them. The first $1900 in "fees" is likely an investment you will have to eat(include at NO cost). Wouldnt it be great if you could "store" your friends car until the "storage fees" were higher than any lender would pay, them you magically get the TITLE?? Sorry, this ain't Kansas and you ain't the Tinman. It don't work that way. After you notify the lender , if they decide they don't want it, you are stuck with a car and NO TITLE.Each state has laws designed to handle this situation. Call the DMV in your state for more info. Or Google "abandoned vehicle + Your state".

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Q: How can you get an abandoned title for a car that is on your property with a lien holder if the owner can't be found and owes over 2000 in storage fees?
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