I don't think this would work if you are dirtbag and were trying to title a stolen motorcycle. They're going to run the VIN and you're screwed if it comes up stolen.
You just bought a legitimate motorcycle with no title or you've lost your title. You want to register (or sell) your motorcycle but you can't because you can't prove that you own it. We've probably all run into this problem in our lifetime.
Here's what you need to do...
It even tells you that you DO NOT need to be a resident of VT to register a vehicle there. Strange but true.
You can register your bike thru the mail in VT. Print out the proper forms from the VT DMV website, fill them out and mail them in. It cost me $89 ($41 reg fee & $48 tax) to title and register a bike I bought in NY w/no title. This includes a VT license plate & a 1 year transferable registration. Your VT license plate and transferable registratgion takes about 10 days to arrive in your mail after you send the correct forms and check out to them.
How do I know all this? Because I just received my new VT plate and transferable registration in the mail today!
You can be sure that if you ever decide to sell your motorcycle without a title (or transferable registration), it's worth about 30-40% less and your pool of potential buyers drops by about 50%.