The Buyers Name Affidavit is for the Buyer to provide a statement of his or her legal name and signature, as well as to certify to other "known as" names. Many times persons sign documents in different ways and the name affidavit is necessary to clarify that the signatures are one and the same person. i.e. John Jones, John T. Jones and J.T. Jones are one and the same person.
Maine Name Affidavit of Buyer
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How to fill out Maine Name Affidavit Of Buyer?
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FAQ
Directly under the statement Assignment of title by registered owner, write in the date the car was sold. On the next line, write in the name or names of the buyers and their address. On the next line, write in the odometer reading. Where it says Signature(s) of buyer, the buyer or buyers must sign the title.
Back of the title top half - sign name(s) on the line where it reads "Seller's Signature." Back of the title right next to where you signed name(s) - print name(s) on the line where it reads "Seller's Hand Printed Name."
Where Do I Sign a Maine Title? Sign on the back of the title toward the upper right where it states Seller's Signature. Print your name on the back where it reads Seller's Hand Printed Name.
Selling a car means that, as the original owner, you don't have to pay any tax.This may make selling a car a better option than giving it to a friend or family member, which could cause the gift tax to come into play. According to the IRS, any gift worth more than $13,000 is liable for gift taxes, as of 2010.
After the payment has been transferred, the seller needs to sign the title over to the buyer (instructions are normally provided on the back). The seller will then need to contact the DMV within 5 days to transfer ownership and release themselves from any liability for the vehicle.
In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.
The procedures for transferring ownership are similar to buying or selling a car: the donor must include the odometer disclosure on the title, both parties must sign and date the title, and the recipient must go to the DMV and apply for a a new title in his/her name and pay the transfer fee. Making Name Corrections.
Back of the title top half - sign name(s) on the line where it reads "Seller's Signature." Back of the title right next to where you signed name(s) - print name(s) on the line where it reads "Seller's Hand Printed Name."
On the front of the title, near the middle, the seller must write in the current odometer reading on the vehicle. Near the bottom, the seller must fill in the following information on the appropriate lines: Date the vehicle was sold, and their printed name and signed name (which should be written on the same line).
