----- Original Message ----
From: Will Wood <evilscientistboo@xxxxxxxxxxxxx>
To: tcb@xxxxxxxxxxxxx
Sent: Tuesday, July 1, 2008 3:38:18 PM
Subject: [tcb] Re: Bonded title ?s
A bonded title in Texas means that you're putting up a Bond when title to the vehicle can't be established or there's a questionable transfer going on. This
doesn't mean that the vehicle is stolen but it makes it easier to register the vehicle and transfer title to the new owner. I had a guy who made a mistake on the
title transfer for a car. He signed as a dealer instead of a private party. In one case we would have had to gone to a hearing to ascertain "why he signed in the wrong place." He paid for a bond instead for the blue book value of the vehicle and I had a bonded title for three years. After three years the state releases the bond.
If you don't have a title, you can get a bonded title as well. The bond merely serves to pay any party who claim ownership of the vehicle within three years.
-----Original Message-----
From: julie.hey.ho.lets.go@xxxxxxxxx
Sent: Jul 1, 2008 3:44 PM
To: tcb@xxxxxxxxxxxxx
Subject: [tcb] Bonded title ?s
Hey TCBers,
If you buy a vehicle and the title has not been switched over to the current owner, then a bonded title is needed, correct? Does it matter if the vehicle is from another state? What are the risks here?
Julie