There was a Cessna 172 sitting on the ramp at 4J6 in St. Marys for several years. The tie down fee was paid annually and it was seldom flown. After the payment was missed one year, some basic research found that the Delaware registered company that owned it had gone out of buisness. More research with the FAA found that a Bank had a piece of paper on the aircraft but did not know where it was located and after several years had written it off the books. A bit of negotiating and the 172 was bought for a very very very low price and with a clear title.
