Another Runway Excursion

here is an ad I found on line:

http://airplanemart.com/aircraft-for-sale/Single-Engine-Piston/1959-Bellanca-260-Cruisemaster/14659/
 
The ad was posted much earlier than the incident. I'd say a new owner lost control and never filed the registration paperwork.
According to the feds, one in five airplanes that change hands is damaged/destroyed in the first 30 days/25 hours....and that's a fact jack!
 
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