Form HSMV 87008. Affidavit for Transfer/Sale on a Repossessed Vessel in Default of Contract - Florida

Form HSMV 87008 is used in Florida when transferring or selling a repossessed vessel due to default of contract. This affidavit form is completed by the seller and provides important information about the vessel, the buyer, and the details of the repossession.

The form consists of sections where the seller can provide their personal information, including name, address, and contact details. It also requires detailed information about the vessel, such as make, model, hull identification number (HIN), registration number, and any liens associated with the vessel. The form further includes sections to describe the default of contract, repossession details, and the agreed-upon terms of the transfer or sale.

Important fields in this form include the vessel's information, seller's information, buyer's information, details of the repossession, and signatures from both parties. It is crucial to accurately fill out all required information and ensure that the transfer or sale complies with contractual agreements and legal requirements.

Application Example: A lender in Florida that has repossessed a vessel due to default of contract can use this form to transfer or sell the vessel to a new buyer. The form should be completed with accurate information about the vessel and the repossession, and both the seller and buyer must sign the affidavit to acknowledge the transaction.

Related Forms: Form HSMV 87007, Bill of Sale for Vessel - Florida, is a related form that can be used in conjunction with Form HSMV 87008. The Bill of Sale provides a legal record of the vessel's transfer of ownership from the seller to the buyer. Both forms are important in documenting the transfer or sale of a repossessed vessel.