Poodles;1889083 said:"lost title" is a red flag to me. There's always the chance of it being stolen, so you'll want to work on getting the title squared away. Getting caught with stolen goods isn't a good thing...
I wonder if its like up here where you can check to make sure that the car isn't stolen and register it as a parts car. That way if you ever want to put the car back on the road you have to get it fully inspected. As for the stolen side of it, I would imagine a phone call to a local registry or police station should work for you.