An auto bond is a bond that you have to obtain from a surety company of your choice for the value of the vehicle, what the bond does is it protects you from the previous owners from coming back and saying "hey i never sold this car to these people" and sue you for the vehicle. It costs a little more and takes a little more time...but its better to be safe than sorry.
If you need help please call me 2815363857 or email me a tishafranks@aol.com
Each state is different. In MN, you have to send a certified letter to owner and wait so many days then if no reply/title you have to go to the DMV give a statement and get bond insurance? Something like that. Then more paper work and you'll finally get a title....
A bonded title is a procedure used to obtain a vehicle title when you do not have a title assigned to you to surrender and get you a title. You have to file documents with the state and obtain a surety bond to surrender to the state. Once you do this you get a title in your name. There is a lady in Beaumont Texas. She has a business call Auto Title Recovery. She has 30 years of experience in titles. She can help you get a title. She has a website.
If the bond is paid, why is the title not released to the owner of the car? If the owner of the car forfeited the title by skipping out, and another person came and bought that title by paying the bond, then yes, another person can transfer the title to their name ... because they bought it by paying off your bond.
Quantum of Solace
yes
Absolutely, name exists on title therefore you are part owner.
no
no
Title Agent Surety Bond(also known as a Title Agency Bond)The purpose of a Title Agent Surety Bond is to protect parties to the transaction against fraud, or the failure to properly disburse escrow funds. It guarantees the faithful performance of said duties by the title agent.Not all States require the bond. In my home of State Pa. It is required by, and is issued in favor of the State.Statute for your reference:• Per 40 P.S. 910-26.1(3), a surety bond must be posted in the amount of no less than $100,000.
Not yet. The title has not been announced.
It is called Bond 23 and will be released 2012. Possibly the worst bond title ever.
Goldfinger