need to know information fellas. i georgia you title bond a bike and get the title and thats the end of it to my knowledge. before you go to the bonding company you have the sheriff come out and run the serial number. then he gives you a clearance letter you take to the bonding company and you title it. i've never heard of anybody ending up losing something that later comes up hot or something. the sheriff checks it to make sure its not stolen or has any liens against it so when i bond and title my bike im working on right now(which i have to do) they will come take it out of my cold dead hands.
Same in NC but there are exceptions. In the case of my dump truck, the previous owner had a fleet of trucks and didn't realize that one had gone missing until the state sent him a letter to verify what they had done with the title. Then, he reported the truck stolen.
Now granted, not many people have fleets of motorcycles but old motorcycles are often reported stolen months or longer after they're stolen because they were stored in an out of the way place and not discovered missing for quite some time.
Then there's the a**hole who sells or gives away a bike for junk and gets POed (or greedy) when the letter comes in the mail that indicates the bike he's holding a title for suddenly has value... It's his word against your word and he's holding a title.
Or the mechanics lien title that was rushed through a couple of days too early or too late. Garages, body shops and junk yards get burned for this stuff all the time but the fines they pay don't cover the car, truck or motorcycle lost by the buyer. Sure, you can take them to court but can you afford to hire the lawyer?
Now I know most of you reading this believe a bond is all you need but you're wrong. I buy thousands of vehicles a year at the scrap yard I manage and I can tell you from experience, this stuff happens everyday. If it doesn't have a title then it's scrap metal-- nothing more.
And while not every state is as difficult as some, all are quickly moving in that direction.
Get a title or don't get the bike, truck or car.
And don't fall for 3rd party titles either.
But hey, I know most of you don't believe me, neither do the idiots who come on my yard wanting to buy junkers and fix them up. I try my best to warn them but they think me crazy and buy my junk anyway. Then later they sell me the same junkers back for 1/4 of what I charged them because they got burned on the title.
Finally, there's the salvage title issue. Once a vehicle has been junked the title is rendered void and a new salvage title must be issued. Problem is, salvage titled vehicles have almost no resale value because everyone
assumes they were wrecked beyond safe repair even if they were never wrecked at all.
And yes, they will pry it from your cold dead hands.