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I hate to see old bikes scrapped out, but this one is worth more in pieces.
Even if you got it really cheap it won't be worth the money you put into it if you make it ridable.
That one's bad enough even with a title that it's not likely worth getting it going again. If the engine ran and it had a title, then it has some worth. But even then it does not appear to be a spacial or unique model. That said, you could likely buy one drivable for less than you could buy that one and make it road worthy. With the big "if it had a legitimate title in the sellers name" Don't walk, run!.
And one problem for parting it out is the engine and frame have VIN #'s stamped on them. If you can't establish ownership, you can't legally sell / part it out. And Texas has really cracked down on title transfers in the last 10 or so years. At the very least you are putting yourself at some legal risk.
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