Florida parents buy Toyota RAV4 for 16-year-old daughter — Sheriff seizes it but they’re still left paying it off
Yahoo Finance·2025-09-28 14:30

Core Points - The Blanchard family purchased a 2017 Toyota RAV4 for $17,000 using a home equity loan, marking a significant milestone for their daughter [1][2] - Seven months later, the vehicle was reported stolen, leading to its seizure by law enforcement, leaving the family with loan payments for a car they cannot use [2][3] - The vehicle was sold by Vasilios 'Bill' Ioannidis, who acquired it through a mechanic's lien, raising questions about the legitimacy of the sale [3][4] - The title of the RAV4 was flagged as 'canceled' by state records, resulting in a 'stop' being placed on the vehicle by the Florida Department of Highway Safety and Motor Vehicles [4] - Ioannidis claimed he was unaware of any issues with the vehicle and promised to rectify the situation [5]