Logan,
There is no doubt that was a good find and of course the price was right. I hate to seem like a negative Nancy but I really caution you to do some calling or better yet visit your local DOT/DMV office and ask about the process of applying for a lost title. I will tell you from experience it can be an extremely long, frustration, and expensive process. Make sure you keep a record of the contact information of the gentleman you got it from 9name, phone, address, etc.). I understand he was probably not the titled owner but any information is better than none. You do have the advantage of having a plate which can be cross-referenced to see if it matches the VIN. Do not be surprised if it does not...............I will tell you from personal experience they sometimes do not.