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Go watch the other post where a classic car owner is arrested because the police can't search a tag properly. ANYTHING you can do to avoid being mixed up in problems is prudent.
It sounds like he's been illegally riding it and you don't know if he has been in an accident and ran, wants to back out of the deal after blowing the motor, etc. I say you give him a signed letter saying he bought it on x date 14 months ago and let him go chase after the lost title. Why should you have to do the dirty work? He may be subject to fines for not changing it sooner but that is his mess not yours.
Unless he is a relative or personal friend and you know his character I say Run Forrest.
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Joe
See Porsche run. Run, Porsche, Run: `87 911 Carrera
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