One answer and one answer only...
CALL THE DMV
or ask an internet forum...that usually works ;-)
I know a guy who's sitting in jail right now because he bought a boat without a title and turns out it was stolen. The guy doesn't have a pot to pee in to start with and does have some other things on his record which didn't help. But if you believe the story (and from what I know, I do believe it), he did pay someone for a boat like a normal transaction and then notified the authorities when someone else told him it was stolen. Should have never bought a nice boat without a title, but some people don't always use good judgement.
I'm not saying the OP is going to jail because of buying an untitled trailer, but the above story should be worth consideration.
