Sounds like you got off pretty easy!! I had to go bonded for a '73 Mach One I bought, had almost a year of time and a couple/few hundred dollars invested in it already. Then it was going to cost me a good bit of coin (I think it was 10% of the appraised value). Had to have it inspected and appraised, then pay a percentage of the appraisal value to take ownership.

Finally said F* it, parted it out and made my money back (and then some) that way...