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Most likely they will haul you in to court and if you cant produce it you will have the option of paying it in full plus court costs ,late fees or go to jail for ether contempt of court or dissposeing of mortgaged property! Or both!!!!!!!!!!!!!!!!!!!
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They keep looking for it, and when they find it, odds are that there will be charges pressed for willfully withholding it in an attempt to receive them. Hope this helps, good luck to you.
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I don't know where these people get their info. If the bank cannot find your vehicle they will charge it off and take the tax write off which means they may sell the loan to another agency for pennies on the dollar who will hope they can get lucky. After a period of time if you have not been contacted you can always apply for a lost title. It will either come back to you free and clear or it will identify who the lien holder is and what the balance is. You can then negotiate a settlement. The only person who can report your vehicle stolen is the registered owner, no one else. Everything you need to know is at stopautorepo.com titled what the repoman doesn't want you to know
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