The Expert Podcast

• What is a bonded title? 
  • Explanation of the process: acquiring a legal title for a vehicle with no paperwork using a surety bond.
  • Applicability: Available in 38 states, excluding 12 where it's not applicable.
• Advantages of Bonded Titles: 
  • Illustrative scenario: finding an abandoned vehicle and the legal implications.
  • The distinction is between a bonded title and declaring a vehicle abandoned.
  • Process: Filing for a bonded title vs. the consequences of declaring abandonment.

• Cost misconceptions: Clarifying the expenses involved in obtaining a surety bond.
• Actual cost: A closer look at the pricing of surety bonds.
• Application Process: 
  • Requirements: signing affidavits, filling out forms, and submitting them to the DMV.
  • Conditions for approval: ensuring the vehicle is not stolen, without significant liens, or reported as parts-only.
• Alternatives to Bonded Titles: 
  • Mechanics lien: Misconceptions and the necessity of a $20,000 bond.
  • Warning against fraudulent practices: Consequences of Attempting Fake Mechanical Liens.
• Exploring other options: 
  • Court order title: Explanation of obtaining a judgment of ownership through legal proceedings.
  • Process overview: filing a claim of ownership with the court and obtaining a judgment.

• Encouragement to explore bonded titles and court-order titles as viable solutions.
• Emphasis on legality and avoiding fraudulent practices.