Well, the title journey has finally ended. It turns out that the registered owner reported it stolen six months after I purchased the bike. The owner's story was fishy, since he reported it last seen six months after I bought it and it had been out of his hands for years before then. I gave the police all of my information (bill of sale, seller's info, vehicle registration report) and they really helped me. When the police asked the registered owner if he wanted to pay impound and recovery fees to have his bike returned two counties away ($500-$600), he declined and released his interest in the bike to me.
So, now I have a clean title to the bike and have to decide what to do with it.
My nephew never took the MSF Course, so he gets passed over, unless he shows some interest right quick.
My tentative plan is to use the adapted 750F tank, GSXR front with Cognitomoto trees (custom 45mm offset), TTR400 swingarm, and the engine will either be the 550 with my parts from Jordan (550 ported head, cruzinimage 600 kit) or my 650 motor with a 674 kit. My main focus is on my drastic 750 restomod (Bionic Mongrel) bike so this one can marinate more while I decide and source parts.