Interesting story. Twelve hours after the posts above, my buddy called and asked if I wanted to go see the car on Saturday (today)? I just got home from seeing it, and a lot of mystery has been cleared up.
It is a true one owner, little old lady school teacher's car. She's been gone since 2002 and the car looks like it was last registered in 2001. The title issues have been cleared up and the state says the seller should have a clear title in 6-8 weeks. We talked ballpark prices and I think we found one agreeable to both parties.
The car is as solid as it looked in the first set of pictures. The only rust I could find was this spot on the RR quarter panel. The area in the trunk that we thought might be rust is actually spray glue for the carpet that has been added.
The car was rust proofed at some time in it's life and the floor boards are solid.
There is a small tear on the convertible top but the rest of it appears solid. I has the red parade cover in the boot and it seems to be in nice shape also.
The interior is as clean as we originally thought. No rips or tears in the upholstery and I think the carpet will probably clean up. The only piece needing attention is the driver's door panel, and it should be a pretty easy fix. The dash pad is really nice and has a radio delete plate.
Mechanically it seems pretty solid. Everything is the engine compartment seems like it is there with nothing missing. Some critter has been living under the hood and it really stinks, but I don't think it would take much to get the engine running. I turned it over about a half a turn using the belt and pulley.
BOTH headlight trim pieces are missing and I understand that they about as rare as hen's teeth (that's probably why they're missing in the first place). I will start a thread looking for some.
The car turned out be everything that it was promised to be and more. Now, I just need to be patient and wait on the state to do the title thing.