I have bought a few cars with out titles and went thru the bonding process. Mind you these are just average collectible cars at best... The problem I face is when trying to sell them is the stigma of a "bonded" title (they might as well have been branded salvage) even though there is no recourse to the buyer. The minute they hear that half the buyers leave the room. The ones left only want to pay salvage prices, so with this in mind I make my initial offers accordingly. Its a constant battle trying to educate people and most guys wont listen to a seller but will take title advise from the face tatted 7-11 store clerk...
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