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Here is some literature (from the Kentucky Revised Statutes) regarding salvage titles in Kentucky
http://lrc.ky.gov/KRS/186A00/520.PDF
http://lrc.ky.gov/KRS/186A00/525.PDF
If you want to read the whole thing:
http://www.lrc.ky.gov/KRS/186A00/CHAPTER.HTM
As Kenny said, make sure the title is printed in the seller's name - then make sure to get it notarized before you leave. If the name printed on the front is someone other than the person trying to sell it to you, then you are "jumping" the title - not good. Get the seller to straighten it out...