It's in KY so I don't know. In IN anything without a title is generally considered parts or racing only. But, one can order replacement titles for vehicles registered to them via the BMV website, so other than needing money now (or a vehicle being stolen/on lien), I can't think of a reason why one would sell a clean, good vehicle that way. Ignorance? Laziness?
Either way, nothing I need or have a good reason to mess with, so when the buddy shot me the link, I figured this is where it belongs.
1984 F150: 300 L6, AOD, RWD. EEC IV / TFI, Feedback Carter YFA Carb. Stock everything but radio (for now).