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in my state you must get the car bonded, meaning you have to pony up a huge sum of money to the government relative to the market value. You don't get this money back and if someone comes forward and makes a claim to the car you'll have to fight them in court.
A while back someone offered me a free '71E with such a title. the government wanted a $16,000 bond based on the value of a concourse restored car. it wasn't worth it to me.
in my mind, this makes a car less valuable as a whole and more valuable as parts, unless you can find a buyer that only wants a dedicated track car.
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2001 986 S
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