Sounds like a "junk title"! Salvage yards don't usually offer a bill of sale when you buy a fuselage, and even then it would be an "open" bill of sale, as they have no reason to register the aircraft, or even request one from whom they bought it. I'm not sure how two guys could rebuild a previously certificated aircraft, and be able to register it without a bill of sale! Would a receipt for the salvage price suffice? I'm not saying this bird was salvaged, but it sure looks like a possibility!

Carl