Don't do it. I know from experience.

Here's my story...

There was a '91 S13 on the side of a road in Newnan, I walked up to the house and asked if he would sell it. He said sure, for $500. He said his daughter had the title but would surely get it for me and bring it to me. I towed the car home (hadn't been driven in a while). A week went by and still had not heard anything from the guy so I went over to his house. He said he still hasn't received it from his daughter. He was an older guy so I didn't feel like anything was wrong. A month goes by and same story, blaming it on the daughter and tells me she can't find it. I go to the DMV to try and apply for a "bonded title". The lady at the counter tells me that the guy that sold me the vehicle does not own it. I was not thrilled. As I start to walk out, she also tells me that there is a lien on it still! WTF?? The car is 15 yrs old at the time and it someone still owes money on this? I go back to the guys house to talk to him about everything, of course, he was never home from this point on. I go to the PD to see what I could do about this situation and luckily the detective was nice and gave me the current owner's address along with the lien holders info. I tried getting in touch with the "current" owners but they apparently moved and the lien holder company went under a few years before. I took the guy to small claims court to only get it thrown out by the judge.

Needless to say, I was not thrilled but I got lucky. I traded it for a B20 motor shortly after. The car is now a "track car".