ditto
this happened to my neighbor (he bought it from a dealer in CA, it had been registered for over 20 years by the same owner in CA - CA title, etc ...) the AZ DMV found the stolen car report, he lost the car immediately, even took his wife's purse with it ... they had to wait HOURS before they could get the purse back ...
http://www.azcentral.com/community/s...vette1211.html
Fortunately, he had insured it the moment he bought it so he was not out the $65k ...