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West Virginia DMV Bill of Sale Form

In West Virginia, the buyer and seller of a certain vehicle must complete this form to record their transaction.Download

Extracted Text for Proper Search

BILL OF SALE
DMV-7-TR
Rev. 6/2010
I, __________________________________________  of  ____________________________________________________ 
owner of the vehicle described below, in consideration of $___________________________.  Receipt of which is hereby 
acknowledged, do hereby transfer to ____________________________________________________________________
of _________________________________________________________.    The following vehicle is a _________________
________________________________ , with a vehicle identifcation number: ___________________________________. 
Subscribed and sworn before me this _________ day of _________________________, 20_____.
_________________________________________________________________________
My Commission expires on ___________/____________/____________________
 	
Signature of Seller (X)________________________________________________________   Date _____/_____/_________
Seller’s Phone Number ___________________________________  Seller’s Drivers License Number ___________________
Signature of New Owner (X)___________________________________________________   Date _____/_____/_________
New Owner’s Phone Number _________________________  New Owner’s Drivers License Number __________________ 	
I declare under penalties of perjury that the statements herein contained are true and correct to the best of my knowledge and belief. 	
N O T A R Y   P U B L I C  	
I M P O R T A N T   N O T I C E  	
SELLER’S NAMESALE AMOUNT OF VEHICLE
NEW OWNER/PURCHASER’S NAME
NEW OWNER/PURCHASER’S ADDRESS YEAR
MAKE AND MODEL
NOTARY PUBLIC SIGNATURE VIN NUMBER
SELLER’S ADDRESS	
Any changes, alternations, or erasure  will void this afdavit.	
The minimum taxable amount on vehicles is $500.00.  A minimum taxable value of $100.00 applies to class T trailers, class R
travel campers, assembled vehicles or trailers, and vehicles purchased through welfare to work type programs.
Any application for transfer of ownership which provides incorrect, false, or fraudulent information about the consideration 
exchanged, subjects the applicant to the revocation, suspension, and/or cancellation of any and all drivers licenses’, registration plates, cards, and permits issued to the applicant. 	
*AUDITS MAY BE PERFORMED ON CASUAL (NON-DEALER) MOTOR VEHICLE TITLE TRANSACTIONS.
Relevant article from our knowledge database

Bear in mind a bill of sale isn't going to finalize an ownership transfer. Because of this, short sales are rare. If you are unable to demonstrate the price tag, and you owe taxes, you'll be taxed based on the official NADA trade-in value.
Read more

What happens is, in the event the house sells for under the sum owed, the remainder of the loan balance is considered forgiven.'' Besides losing your house and possibly having no place to call home, allowing your house to be foreclosed will dramatically impact your credit score and cause it to be more tough for you to be eligible for a new loan later on. In case it looks like you won't have the ability to work out a means to continue to keep your house, some lenders will provide a deed instead of foreclosure'' or cash for keys.''

Some banks won't do short sales whatsoever, and the ones that do will cause you to jump through lots of hoops and fill out tons of paperwork to have the sale approved. The lender doesn't have any claim on any property that's not permanently connected to the home. You might also begin getting collection calls from the bank. Whenever your lender forecloses on your house, your private property isn't included in the foreclosure. You might discover that you are going to be better off should you attempt to delay the foreclosure as you conserve money for rent and moving expenses. The foreclosure and late payment record can stay on your credit report for as many as seven decades, but it doesn't imply that you will not be able to have a loan for seven decades.

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