I sold a roller '67 Barracuda around 1980 with title. Buyer paid, came to my apartment complex to pick it up and it was gone. Police report filed and I looked like the schmuck. A couple years go by and I'm out with friends late at night, go around a corner and there was the Barracuda. I called the legit owner at 1:00 a.m., he showed up with the Sheriff at sunrise and the guy that had possession of the Barracuda (appears he bought it from the thief), lost his investment which by now included many upgrades.
Lesson learned: you buy a shell and it's hot and you ad your hemi and everything else, if somebody has a police report and legit title proving ownership, your SOL and the sheriff takes it all away and hands the keys off to the legit owner!
I'll never own a car without legit / legal documents verified by MVD!
And I see ClassRacer has a car for sale and it would appear there could be an issue to address before money is exchanged.